NioCorp Developments (NASDAQ:NB) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NioCorp Developments (NASDAQ:NB - Get Free Report) issued its earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02, Zacks reports.

NioCorp Developments Trading Down 0.4 %

NB traded down $0.01 during trading on Tuesday, hitting $2.61. 265,655 shares of the company traded hands, compared to its average volume of 329,032. The company has a market cap of $121.60 million, a PE ratio of -3.07 and a beta of -0.36. The stock's 50-day simple moving average is $1.71 and its two-hundred day simple moving average is $1.72. NioCorp Developments has a 1 year low of $1.27 and a 1 year high of $4.00.

Wall Street Analyst Weigh In

NB has been the topic of a number of research analyst reports. Maxim Group initiated coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They set a "buy" rating and a $4.00 price objective on the stock. HC Wainwright reduced their price objective on shares of NioCorp Developments from $8.50 to $3.25 and set a "buy" rating for the company in a research note on Monday, January 13th.

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.