NioCorp Developments (NB) Projected to Post Earnings on Thursday

NioCorp Developments (NASDAQ:NB - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.

NioCorp Developments (NASDAQ:NB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. 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 Down 2.6 %

Shares of NB traded down $0.07 during midday trading on Tuesday, hitting $2.65. The company had a trading volume of 1,615,840 shares, compared to its average volume of 341,302. The stock has a market cap of $124.07 million, a price-to-earnings ratio of -3.44 and a beta of -0.33. The company's 50 day moving average price is $2.20 and its 200 day moving average price is $1.89. NioCorp Developments has a 52 week low of $1.27 and a 52 week high of $4.15.

Analyst Ratings Changes

Several analysts have issued reports on the company. Maxim Group began coverage on NioCorp Developments in a research note on Wednesday, January 8th. They set a "buy" rating and a $4.00 price objective on the stock. HC Wainwright upped their price target on NioCorp Developments from $3.25 to $4.25 and gave the company a "buy" rating in a research report on Tuesday.

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.