NioCorp Developments (NB) to Release Earnings on Wednesday

NioCorp Developments (NASDAQ:NB) is anticipated to release its results before the market opens on Wednesday, November 12th. Analysts expect NioCorp Developments to post earnings of ($0.09) per share for the quarter.

NioCorp Developments (NASDAQ:NB) last announced its earnings results on Thursday, September 11th. The company reported ($0.19) earnings per share (EPS) for the quarter. 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

NASDAQ NB opened at $6.16 on Monday. NioCorp Developments has a 52 week low of $1.30 and a 52 week high of $12.58. The stock’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $4.42. The stock has a market capitalization of $479.00 million, a price-to-earnings ratio of -18.12 and a beta of -0.17.

Institutional Investors Weigh In On NioCorp Developments

Several hedge funds have recently bought and sold shares of NB. Geode Capital Management LLC grew its holdings in NioCorp Developments by 2,376.5% during the second quarter. Geode Capital Management LLC now owns 644,182 shares of the company’s stock worth $1,501,000 after purchasing an additional 618,170 shares during the period. Creative Planning bought a new position in shares of NioCorp Developments during the 2nd quarter worth approximately $57,000. JPMorgan Chase & Co. increased its holdings in shares of NioCorp Developments by 48,003.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,533 shares of the company’s stock worth $57,000 after acquiring an additional 24,482 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of NioCorp Developments during the 2nd quarter worth approximately $75,000. Finally, New York State Common Retirement Fund bought a new stake in NioCorp Developments in the 2nd quarter valued at $85,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. HC Wainwright boosted their price objective on shares of NioCorp Developments from $4.00 to $8.25 and gave the stock a “buy” rating in a research report on Monday, September 22nd. William Blair started coverage on shares of NioCorp Developments in a research report on Monday, October 20th. They set an “outperform” rating on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NioCorp Developments in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.63.

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.