NioCorp Developments Target of Unusually High Options Trading (NASDAQ:NB)

Key Points

• NioCorp Developments (NASDAQ:NB) saw a significant increase in options trading, with investors buying 3,826 call options, representing a 52% rise compared to the average daily volume.
• Analysts have raised their price targets for NioCorp, with Maxim Group increasing it to $5.00 and HC Wainwright to $8.25, both giving the stock a "buy" rating.
• NioCorp's stock traded at $7.18, reaching a one-year high of $7.39, and the company has reported a loss of $0.16 EPS for the latest quarter.

NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report) was the recipient of unusually large options trading on Thursday. Investors bought 3,826 call options on the stock. This is an increase of 52% compared to the typical daily volume of 2,517 call options.

Analyst Ratings Changes

NB has been the topic of several research analyst reports. Maxim Group upped their target price on NioCorp Developments from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, July 11th. HC Wainwright upped their price target on NioCorp Developments from $4.00 to $8.25 and gave the stock a "buy" rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $6.63.

NioCorp Developments Price Performance

Shares of NioCorp Developments stock traded up $0.72 during trading hours on Thursday, reaching $7.18. The company had a trading volume of 5,815,120 shares, compared to its average volume of 1,930,650. NioCorp Developments has a one year low of $1.27 and a one year high of $7.39. The business has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $3.08. The firm has a market cap of $558.14 million, a PE ratio of -21.16 and a beta of -0.29.

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

Institutional Investors Weigh In On NioCorp Developments

Several large investors have recently added to or reduced their stakes in NB. KPP Advisory Services LLC purchased a new stake in NioCorp Developments during the second quarter valued at about $25,000. ProShare Advisors LLC purchased a new position in NioCorp Developments during the 2nd quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC purchased a new position in NioCorp Developments during the 2nd quarter valued at about $27,000. Police & Firemen s Retirement System of New Jersey purchased a new position in NioCorp Developments during the 2nd quarter valued at about $30,000. Finally, Blue Capital Inc. purchased a new position in shares of NioCorp Developments during the 2nd quarter worth approximately $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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