NioCorp Developments Ltd. (NASDAQ:NB – Free Report) – Investment analysts at HC Wainwright upped their FY2025 earnings estimates for shares of NioCorp Developments in a research note issued on Monday, January 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.34) per share for the year, up from their prior estimate of ($0.40). HC Wainwright currently has a “Buy” rating and a $3.25 target price on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.40) per share.
Separately, Maxim Group assumed coverage on NioCorp Developments in a research report on Wednesday, January 8th. They set a “buy” rating and a $4.00 price objective on the stock.
NioCorp Developments Stock Down 3.7 %
NASDAQ NB opened at $1.57 on Wednesday. The stock’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.69. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $4.00. The company has a market capitalization of $66.74 million, a price-to-earnings ratio of -1.85 and a beta of -0.46.
Institutional Trading of NioCorp Developments
A hedge fund recently bought a new stake in NioCorp Developments stock. Virtu Financial LLC acquired a new position in NioCorp Developments Ltd. (NASDAQ:NB – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,317 shares of the company’s stock, valued at approximately $29,000. 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.
Read More
- Five stocks we like better than NioCorp Developments
- What Are Dividend Contenders? Investing in Dividend Contenders
- Cerence AI: One-Hit Wonder or Long-Term Winner After NVIDIA Pact?
- Market Cap Calculator: How to Calculate Market Cap
- UnitedHealth Group Pulls Back Into Another Healthy Opportunity
- 3 Small Caps With Big Return Potential
- Micron Technology: Riding the AI Wave to Long-Term Growth
Receive News & Ratings for NioCorp Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NioCorp Developments and related companies with MarketBeat.com's FREE daily email newsletter.
