NioCorp Developments (NASDAQ:NB) Price Target Raised to $4.25

NioCorp Developments (NASDAQ:NB) had its target price boosted by HC Wainwright from $3.25 to $4.25 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for NioCorp Developments’ FY2025 earnings at ($0.24) EPS.

Separately, Maxim Group started coverage on NioCorp Developments in a research report on Wednesday, January 8th. They set a “buy” rating and a $4.00 target price on the stock.

NioCorp Developments Stock Performance

Shares of NioCorp Developments stock opened at $2.36 on Tuesday. NioCorp Developments has a one year low of $1.27 and a one year high of $4.15. The company has a market capitalization of $110.49 million, a PE ratio of -3.06 and a beta of -0.33. The company has a 50-day simple moving average of $2.21 and a two-hundred day simple moving average of $1.89.

NioCorp Developments (NASDAQ:NB) last posted its earnings results on Tuesday, February 11th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. On average, equities analysts predict that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of NioCorp Developments

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of NioCorp Developments in the third quarter worth about $29,000. Northern Trust Corp purchased a new position in NioCorp Developments during the 4th quarter worth approximately $980,000. Finally, Jane Street Group LLC acquired a new stake in NioCorp Developments during the 4th quarter valued at approximately $359,000. Institutional investors and hedge funds 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.