NioCorp Developments (NB) to Release Earnings on Thursday

NioCorp Developments (NASDAQ:NB) is anticipated to announce its earnings results 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) last released its earnings results on Tuesday, February 11th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 Performance

Shares of NASDAQ:NB opened at $2.59 on Thursday. The company has a 50 day moving average of $2.17 and a 200-day moving average of $1.86. The firm has a market cap of $121.26 million, a P/E ratio of -3.36 and a beta of -0.33. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $4.15.

Wall Street Analyst Weigh In

NB has been the subject of a number of research reports. HC Wainwright reduced their target price on shares of NioCorp Developments from $8.50 to $3.25 and set a “buy” rating for the company in a report on Monday, January 13th. Maxim Group initiated coverage on NioCorp Developments in a research report on Wednesday, January 8th. They set a “buy” rating and a $4.00 price objective for the company.

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.