NioCorp Developments (NASDAQ:NB) Price Target Raised to $8.25 at HC Wainwright

NioCorp Developments (NASDAQ:NB) had its price target upped by HC Wainwright from $4.00 to $8.25 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Maxim Group upped their price target on NioCorp Developments from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $6.63.

NioCorp Developments Stock Up 2.0%

NioCorp Developments stock opened at $5.99 on Monday. The company has a market capitalization of $465.78 million, a P/E ratio of -17.62 and a beta of -0.30. The stock’s 50 day moving average is $4.21 and its 200 day moving average is $3.04. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $6.46.

NioCorp Developments (NASDAQ:NB) last posted its quarterly earnings results on Friday, July 11th. The company reported ($0.16) earnings per share for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350–0.350 EPS. As a group, equities analysts expect that NioCorp Developments will post -0.34 EPS for the current year.

Hedge Funds Weigh In On NioCorp Developments

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC bought a new position in NioCorp Developments in the 2nd quarter worth $25,000. KPP Advisory Services LLC bought a new position in NioCorp Developments in the 2nd quarter worth $25,000. Wealth Enhancement Advisory Services LLC bought a new position in NioCorp Developments in the 2nd quarter worth $27,000. Police & Firemen s Retirement System of New Jersey bought a new position in NioCorp Developments in the 2nd quarter worth $30,000. Finally, Blue Capital Inc. bought a new position in NioCorp Developments in the 2nd quarter worth $36,000. 4.03% of the stock is owned by 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.