HC Wainwright Forecasts Strong Price Appreciation for NioCorp Developments (NASDAQ:NB) Stock

NioCorp Developments (NASDAQ:NB) had its target price boosted by HC Wainwright from $4.00 to $8.25 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for NioCorp Developments’ FY2026 earnings at ($0.28) EPS.

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

NioCorp Developments Stock Up 5.2%

NB stock opened at $6.46 on Monday. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $6.83. The stock has a market cap of $502.31 million, a P/E ratio of -19.00 and a beta of -0.29. The business’s 50-day moving average price is $4.30 and its 200-day moving average price is $3.08.

NioCorp Developments (NASDAQ:NB) last posted its quarterly earnings data 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. On average, equities research analysts expect that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NioCorp Developments

Several large investors have recently modified their holdings of NB. Northern Trust Corp bought a new position in shares of NioCorp Developments during the 4th quarter valued at approximately $980,000. Jane Street Group LLC bought a new position in shares of NioCorp Developments during the 4th quarter valued at approximately $359,000. PFG Advisors grew its position in NioCorp Developments by 384.2% in the 1st quarter. PFG Advisors now owns 181,168 shares of the company’s stock valued at $357,000 after acquiring an additional 143,750 shares during the last quarter. CreativeOne Wealth LLC grew its position in NioCorp Developments by 76.0% in the 1st quarter. CreativeOne Wealth LLC now owns 29,983 shares of the company’s stock valued at $59,000 after acquiring an additional 12,946 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in NioCorp Developments in the 1st quarter valued at $2,573,000. 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.