FY2025 Earnings Forecast for NB Issued By HC Wainwright

NioCorp Developments Ltd. (NASDAQ:NB - Free Report) - Investment analysts at HC Wainwright increased their FY2025 earnings per share estimates for NioCorp Developments in a research note issued on Monday, January 13th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.34) for the year, up from their previous estimate of ($0.40). HC Wainwright 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 assumed coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They set a "buy" rating and a $4.00 price target for the company.

NioCorp Developments Price Performance

NASDAQ NB traded up $0.11 during trading hours on Wednesday, reaching $1.63. The company's stock had a trading volume of 137,536 shares, compared to its average volume of 131,226. NioCorp Developments has a 1-year low of $1.27 and a 1-year high of $4.00. The company's 50-day moving average is $1.46 and its two-hundred day moving average is $1.69. The firm has a market capitalization of $69.29 million, a price-to-earnings ratio of -1.92 and a beta of -0.46.

Institutional Investors Weigh In On NioCorp Developments

An institutional investor recently raised its position in NioCorp Developments stock. XTX Topco Ltd raised its stake in NioCorp Developments Ltd. (NASDAQ:NB - Free Report) by 109.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,638 shares of the company's stock after buying an additional 14,966 shares during the quarter. XTX Topco Ltd owned approximately 0.08% of NioCorp Developments worth $50,000 at the end of the most recent quarter. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

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.