NioCorp Developments Ltd. (NASDAQ:NB – Free Report) – Research analysts at HC Wainwright boosted their FY2025 earnings per share (EPS) estimates for NioCorp Developments in a research report issued to clients and investors on Monday, January 13th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.34) per share for the year, up from their prior forecast of ($0.40). HC Wainwright currently has a “Buy” rating and a $3.25 price objective on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.40) per share.
Separately, Maxim Group started coverage on NioCorp Developments in a research report on Wednesday, January 8th. They issued a “buy” rating and a $4.00 price objective for the company.
NioCorp Developments Stock Performance
NASDAQ:NB opened at $1.63 on Wednesday. NioCorp Developments has a one year low of $1.27 and a one year high of $4.00. The stock has a market cap of $69.29 million, a PE ratio of -1.92 and a beta of -0.46. The stock has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.69.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in NioCorp Developments stock. Virtu Financial LLC purchased a new position in shares of NioCorp Developments Ltd. (NASDAQ:NB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,317 shares of the company’s stock, valued at approximately $29,000. Hedge funds and other institutional investors own 4.03% of the company’s stock.
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.
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