NioCorp Developments (NB) Projected to Post 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 expected to issue its results before the market opens on Monday, September 22nd. Analysts expect the company to announce 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 announced its quarterly earnings data on Friday, July 11th. The company reported ($0.16) earnings per share (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 Trading Up 11.2%

NASDAQ:NB opened at $5.28 on Monday. The firm has a market capitalization of $310.46 million, a PE ratio of -15.53 and a beta of -0.30. The stock has a 50 day moving average of $3.87 and a 200-day moving average of $2.89. NioCorp Developments has a 52 week low of $1.27 and a 52 week high of $5.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new position in NioCorp Developments during the second quarter valued at $46,000. JPMorgan Chase & Co. raised its position in NioCorp Developments by 48,003.9% during the second quarter. JPMorgan Chase & Co. now owns 24,533 shares of the company's stock valued at $57,000 after buying an additional 24,482 shares during the period. Creative Planning purchased a new stake in shares of NioCorp Developments during the second quarter worth $57,000. NewEdge Advisors LLC purchased a new stake in shares of NioCorp Developments during the second quarter worth $60,000. Finally, Invesco Ltd. purchased a new stake in shares of NioCorp Developments during the second quarter worth $63,000. 4.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NB has been the subject of a number of research reports. Maxim Group increased their price target on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, July 11th. HC Wainwright cut their price objective on NioCorp Developments from $4.25 to $4.00 and set a "buy" rating for the company in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $4.50.

About NioCorp Developments

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.

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