NioCorp Developments Ltd. (NASDAQ:NB – Free Report) – Research analysts at HC Wainwright boosted their FY2025 EPS estimates for NioCorp Developments in a note issued to investors on Monday, January 13th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.34) for the year, up from their previous forecast of ($0.40). HC Wainwright currently has a “Buy” rating and a $3.25 price target on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.40) per share.
Separately, Maxim Group initiated coverage on NioCorp Developments in a 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 NB opened at $1.52 on Wednesday. The company has a market capitalization of $64.62 million, a P/E ratio of -1.79 and a beta of -0.46. The business’s 50-day moving average is $1.46 and its two-hundred day moving average is $1.70. NioCorp Developments has a fifty-two week low of $1.27 and a fifty-two week high of $4.00.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in NioCorp Developments stock. Virtu Financial LLC acquired a new stake in NioCorp Developments Ltd. (NASDAQ:NB – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,317 shares of the company’s stock, valued at approximately $29,000. 4.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
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