NioCorp Developments (NASDAQ:NB - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.02, Zacks reports.
NioCorp Developments Trading Down 0.4 %
NASDAQ:NB traded down $0.01 during trading hours on Tuesday, reaching $2.61. 265,655 shares of the company traded hands, compared to its average volume of 329,032. The business's 50-day moving average price is $1.71 and its two-hundred day moving average price is $1.72. The stock has a market capitalization of $121.60 million, a P/E ratio of -3.07 and a beta of -0.36. NioCorp Developments has a 1 year low of $1.27 and a 1 year high of $4.00.
Analysts Set New Price Targets
Several research analysts have recently commented on NB shares. Maxim Group began coverage on NioCorp Developments in a report on Wednesday, January 8th. They issued a "buy" rating and a $4.00 price objective on the stock. HC Wainwright reduced their target price on NioCorp Developments from $8.50 to $3.25 and set a "buy" rating on the stock in a report on Monday, January 13th.
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About NioCorp Developments
(
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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.
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