NioCorp Developments (NASDAQ:NB) Price Target Raised to $11.25

NioCorp Developments (NASDAQ:NB) had its price objective hoisted by HC Wainwright from $9.50 to $11.25 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock. HC Wainwright also issued estimates for NioCorp Developments’ FY2026 earnings at ($0.68) EPS.

A number of other equities research analysts have also recently commented on NB. William Blair assumed coverage on shares of NioCorp Developments in a report on Monday, October 20th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NioCorp Developments in a research note on Wednesday, October 8th. Finally, Loop Capital set a $8.70 target price on NioCorp Developments in a report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.32.

NioCorp Developments Price Performance

Shares of NASDAQ:NB opened at $6.36 on Tuesday. The business has a fifty day moving average price of $6.00 and a 200-day moving average price of $5.57. The company has a market capitalization of $759.13 million, a PE ratio of -7.76 and a beta of -0.14. NioCorp Developments has a 1-year low of $1.52 and a 1-year high of $12.58.

NioCorp Developments (NASDAQ:NB) last announced its quarterly earnings data on Thursday, September 11th. The company reported ($0.19) EPS for the quarter. On average, sell-side analysts anticipate that NioCorp Developments will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NioCorp Developments

Large investors have recently added to or reduced their stakes in the stock. Foster Group Inc. purchased a new stake in NioCorp Developments during the 4th quarter valued at $169,000. SG Americas Securities LLC bought a new position in NioCorp Developments in the fourth quarter valued at about $85,000. JPMorgan Chase & Co. boosted its position in NioCorp Developments by 17.5% in the third quarter. JPMorgan Chase & Co. now owns 28,831 shares of the company’s stock worth $193,000 after purchasing an additional 4,298 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of NioCorp Developments by 7,838.0% in the 3rd quarter. IFP Advisors Inc now owns 7,938 shares of the company’s stock worth $53,000 after purchasing an additional 7,838 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of NioCorp Developments in the third quarter worth approximately $60,000. Institutional investors own 4.03% of the company’s stock.

About NioCorp Developments

NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.

At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.