NioCorp Developments (NB) to Release Earnings on Thursday

Key Points

• NioCorp will report results before the market opens on Thursday, May 14, with analysts forecasting ($0.02) EPS for the quarter; last quarter the company reported ($0.05) EPS (beating consensus) but full‑year consensus remains near -$1 EPS.
• Shares opened at about $6.40 with a market cap near $913 million and an average analyst target of $7.90; analyst sentiment is mixed (one Strong Buy, three Buy, one Sell) and price targets cited range roughly $8.70–$10.00.
• NioCorp develops the Elk Creek critical‑minerals project in Nebraska, targeting production of niobium, scandium and titanium for industrial, aerospace and clean‑energy applications.

NioCorp Developments (NASDAQ:NB - Get Free Report) is projected to release its results before the market opens on Thursday, May 14th. Analysts expect NioCorp Developments to post earnings of ($0.02) per share for the quarter.

NioCorp Developments (NASDAQ:NB - Get Free Report) last issued its earnings results on Friday, February 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.88) by $0.83. On average, analysts expect NioCorp Developments to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NioCorp Developments Price Performance

Shares of NioCorp Developments stock opened at $6.40 on Thursday. The stock has a market capitalization of $913.47 million, a PE ratio of -7.90 and a beta of 0.23. NioCorp Developments has a 1-year low of $2.17 and a 1-year high of $12.58. The company's fifty day simple moving average is $5.18 and its 200-day simple moving average is $5.94.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Loop Capital set a $8.70 price target on shares of NioCorp Developments in a report on Wednesday, January 7th. HC Wainwright dropped their price target on shares of NioCorp Developments from $11.25 to $10.00 and set a "buy" rating for the company in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NioCorp Developments in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of NioCorp Developments from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NioCorp Developments presently has an average rating of "Moderate Buy" and an average target price of $7.90.

Institutional Trading of NioCorp Developments

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. purchased a new stake in NioCorp Developments during the third quarter worth $40,000. The Manufacturers Life Insurance Company acquired a new stake in shares of NioCorp Developments in the second quarter valued at about $46,000. Legal & General Group Plc raised its position in shares of NioCorp Developments by 31.6% in the third quarter. Legal & General Group Plc now owns 7,584 shares of the company's stock valued at $51,000 after buying an additional 1,822 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in NioCorp Developments during the fourth quarter worth about $53,000. Finally, State of Wisconsin Investment Board acquired a new stake in NioCorp Developments during the fourth quarter worth about $56,000. 4.03% of the stock is owned by hedge funds and other institutional investors.

NioCorp Developments Company Profile

NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.

At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.

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