NioCorp Developments (NB) to Release Quarterly Earnings on Monday

Key Points

• NioCorp Developments is set to release its quarterly earnings on September 22nd, with analysts predicting an earnings loss of ($0.15) per share.
• Institutional investors have shown significant interest, with several firms purchasing new stakes; notable increases include a 48,003.9% boost in JPMorgan Chase & Co.'s position.
• Maxim Group has raised its price target for NioCorp from $4.00 to $5.00 and maintains a "buy" rating, whereas HC Wainwright lowered theirs to $4.00.

NioCorp Developments (NASDAQ:NB - Get Free Report) is projected to release its results before the market opens on Monday, September 22nd. Analysts expect NioCorp Developments to post earnings of ($0.15) per share for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350--0.350 EPS.

NioCorp Developments (NASDAQ:NB - Get Free Report) last issued its quarterly earnings results on Friday, July 11th. The company reported ($0.16) EPS for the quarter. On average, analysts expect NioCorp Developments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NioCorp Developments Stock Performance

Shares of NB stock traded up $0.13 during trading hours on Friday, hitting $5.87. 9,939,834 shares of the company were exchanged, compared to its average volume of 3,286,373. NioCorp Developments has a one year low of $1.27 and a one year high of $6.46. The business's 50-day simple moving average is $4.17 and its two-hundred day simple moving average is $3.00. The stock has a market capitalization of $345.16 million, a price-to-earnings ratio of -17.26 and a beta of -0.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company bought a new position in shares of NioCorp Developments during the 2nd quarter worth about $46,000. Creative Planning bought a new position in shares of NioCorp Developments during the 2nd quarter worth about $57,000. JPMorgan Chase & Co. increased its holdings in shares of NioCorp Developments by 48,003.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,533 shares of the company's stock worth $57,000 after purchasing an additional 24,482 shares during the period. NewEdge Advisors LLC bought a new position in shares of NioCorp Developments during the 2nd quarter worth about $60,000. Finally, Invesco Ltd. bought a new position in shares of NioCorp Developments during the 2nd quarter worth about $63,000. Institutional investors own 4.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Maxim Group lifted their price target on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a report on Friday, July 11th. HC Wainwright decreased their price target on shares of NioCorp Developments from $4.25 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, NioCorp Developments has an average rating of "Buy" and an average target price of $4.50.

NioCorp Developments Company Profile

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.