HC Wainwright Cuts NioCorp Developments (NASDAQ:NB) Price Target to $3.25

NioCorp Developments (NASDAQ:NB) had its price objective trimmed by HC Wainwright from $8.50 to $3.25 in a report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock. HC Wainwright also issued estimates for NioCorp Developments’ FY2025 earnings at ($0.34) EPS and FY2026 earnings at ($0.37) EPS.

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

NioCorp Developments Trading Up 7.2 %

Shares of NASDAQ:NB opened at $1.63 on Monday. The stock has a market capitalization of $69.29 million, a PE ratio of -1.92 and a beta of -0.46. The firm has a 50 day moving average of $1.46 and a 200-day moving average of $1.69. NioCorp Developments has a 12 month low of $1.27 and a 12 month high of $4.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in NioCorp Developments stock. Virtu Financial LLC purchased a new stake in NioCorp Developments Ltd. (NASDAQ:NB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,317 shares of the company’s stock, valued at approximately $29,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.

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.