Free Trial

NioCorp Developments (NASDAQ:NB) Stock Price Up 4.3% - Still a Buy?

NioCorp Developments logo with Basic Materials background

NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report)'s stock price rose 4.3% on Thursday . The company traded as high as $1.95 and last traded at $1.92. Approximately 100,663 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 104,820 shares. The stock had previously closed at $1.84.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and set a $8.50 target price on shares of NioCorp Developments in a report on Thursday, August 29th.

Check Out Our Latest Report on NB

NioCorp Developments Trading Down 1.0 %

The firm has a market cap of $70.46 million, a price-to-earnings ratio of -5.14 and a beta of -0.31. The company has a fifty day moving average price of $1.84 and a 200-day moving average price of $2.02.

NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its quarterly earnings results on Monday, September 23rd. The company reported ($0.53) earnings per share (EPS) for the quarter. As a group, research analysts forecast that NioCorp Developments Ltd. will post -0.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pitcairn Co. acquired a new position in shares of NioCorp Developments during the 1st quarter worth approximately $29,000. XTX Topco Ltd increased its holdings in NioCorp Developments by 109.5% in the 2nd quarter. XTX Topco Ltd now owns 28,638 shares of the company's stock worth $50,000 after acquiring an additional 14,966 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in NioCorp Developments by 529.0% during the first quarter. Vanguard Group Inc. now owns 734,425 shares of the company's stock worth $1,998,000 after acquiring an additional 617,664 shares during the period. Institutional investors and hedge funds own 4.03% of the company's stock.

About NioCorp Developments

(Get Free Report)

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.

Featured Articles

Should you invest $1,000 in NioCorp Developments right now?

Before you consider NioCorp Developments, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NioCorp Developments wasn't on the list.

While NioCorp Developments currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Unlock the Potential in Options Trading Cover

Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

These Top Stocks in 2024 Will Continue to be Big Winners in 2025
’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
Palantir and the NASDAQ 100: What’s the Next Big Stock Swing for This AI Giant?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines