HC Wainwright Has Positive Forecast for NB FY2025 Earnings

NioCorp Developments Ltd. (NASDAQ:NB) – Research analysts at HC Wainwright lifted their FY2025 EPS estimates for shares of NioCorp Developments in a note issued to investors on Tuesday, April 29th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.24) per share for the year, up from their previous forecast of ($0.34). HC Wainwright has a “Buy” rating and a $4.25 price objective on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.34) per share.

NioCorp Developments (NASDAQ:NB) last announced its quarterly earnings results on Tuesday, February 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02.

Separately, Maxim Group began 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 Trading Down 5.2 %

NB opened at $2.36 on Thursday. NioCorp Developments has a 12-month low of $1.27 and a 12-month high of $4.15. The company has a market cap of $110.49 million, a price-to-earnings ratio of -3.06 and a beta of -0.33. The stock has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $1.89.

Hedge Funds Weigh In On NioCorp Developments

A number of hedge funds have recently added to or reduced their stakes in NB. Virtu Financial LLC bought a new position in NioCorp Developments during the third quarter valued at approximately $29,000. Northern Trust Corp bought a new stake in shares of NioCorp Developments in the fourth quarter worth $980,000. Finally, Jane Street Group LLC purchased a new stake in NioCorp Developments during the fourth quarter valued at $359,000. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

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.