NioCorp Developments (NASDAQ:NB) Price Target Lowered to $3.25 at HC Wainwright

NioCorp Developments (NASDAQ:NB) had its price target reduced by HC Wainwright from $8.50 to $3.25 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Separately, 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 target on the stock.

NioCorp Developments Price Performance

NB opened at $1.56 on Monday. The business’s 50-day moving average is $1.46 and its two-hundred day moving average is $1.70. NioCorp Developments has a 1 year low of $1.27 and a 1 year high of $4.00. The firm has a market capitalization of $66.32 million, a PE ratio of -1.84 and a beta of -0.46.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NioCorp Developments stock. XTX Topco Ltd raised its stake in NioCorp Developments Ltd. (NASDAQ:NB) by 109.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,638 shares of the company’s stock after buying an additional 14,966 shares during the quarter. XTX Topco Ltd owned approximately 0.08% of NioCorp Developments worth $50,000 at the end of the most recent quarter. 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.