NioCorp Developments' (NB) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• NioCorp Developments' stock has a reiterated "sell (D-)" rating from Weiss Ratings, indicating ongoing negative sentiment from investment analysts.
• Despite the sell rating, other analysts such as HC Wainwright have rated NioCorp as a "buy," increasing their price target from $4.00 to $8.25.
• The company's recent earnings report revealed an earnings per share of ($0.16), with projections predicting a similar trend for the current year.

NioCorp Developments (NASDAQ:NB - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the stock. HC Wainwright boosted their price objective on shares of NioCorp Developments from $4.00 to $8.25 and gave the company a "buy" rating in a research report on Monday, September 22nd. Maxim Group boosted their target price on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NioCorp Developments has a consensus rating of "Hold" and a consensus target price of $6.63.

NioCorp Developments Trading Down 3.6%

Shares of NB opened at $8.77 on Wednesday. NioCorp Developments has a 1-year low of $1.27 and a 1-year high of $9.59. The stock has a market capitalization of $681.96 million, a P/E ratio of -25.79 and a beta of -0.18. The business's 50-day moving average price is $5.18 and its 200 day moving average price is $3.48.

NioCorp Developments (NASDAQ:NB - Get Free Report) last released its earnings results on Friday, July 11th. The company reported ($0.16) earnings per share for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350--0.350 EPS. On average, research analysts predict that NioCorp Developments will post -0.34 earnings per share for the current year.

Institutional Trading of NioCorp Developments

Several hedge funds have recently added to or reduced their stakes in the business. ProShare Advisors LLC bought a new stake in NioCorp Developments in the 2nd quarter valued at $25,000. KPP Advisory Services LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter worth approximately $27,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of NioCorp Developments in the 2nd quarter worth approximately $30,000. Finally, Blue Capital Inc. bought a new position in NioCorp Developments in the second quarter worth $36,000. Institutional investors own 4.03% of the company's stock.

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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