NioCorp Developments (NASDAQ:NB) Coverage Initiated by Analysts at William Blair

William Blair started coverage on shares of NioCorp Developments (NASDAQ:NB) in a research report released on Monday, Marketbeat reports. The firm issued an outperform rating on the stock.

Other analysts have also issued research reports about the stock. HC Wainwright boosted their price target on shares of NioCorp Developments from $4.00 to $8.25 and gave the company a “buy” rating in a research note on Monday, September 22nd. Maxim Group boosted their price target on shares of NioCorp Developments from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NioCorp Developments in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

NioCorp Developments Stock Up 19.7%

NASDAQ:NB opened at $9.71 on Monday. The company has a fifty day moving average of $6.15 and a 200-day moving average of $3.93. The firm has a market capitalization of $755.05 million, a P/E ratio of -28.56 and a beta of -0.18. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $12.58.

Institutional Trading of NioCorp Developments

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of NioCorp Developments by 15.4% in the 3rd quarter. CWM LLC now owns 8,912 shares of the company’s stock worth $60,000 after acquiring an additional 1,188 shares in the last quarter. Bank of Montreal Can grew its stake in shares of NioCorp Developments by 62.7% in the 2nd quarter. Bank of Montreal Can now owns 17,955 shares of the company’s stock worth $42,000 after acquiring an additional 6,920 shares in the last quarter. KPP Advisory Services LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter worth $25,000. ProShare Advisors LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter worth $25,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of NioCorp Developments in the 2nd quarter worth $27,000. 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.