HC Wainwright Has Lowered Expectations for NioCorp Developments (NASDAQ:NB) Stock Price

NioCorp Developments (NASDAQ:NB) had its price objective cut by equities researchers at HC Wainwright from $8.50 to $3.25 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 113.82% from the company’s current price. HC Wainwright also issued estimates for NioCorp Developments’ FY2026 earnings at ($0.37) EPS.

Separately, Maxim Group started coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They issued a “buy” rating and a $4.00 target price for the company.

NioCorp Developments Stock Performance

Shares of NASDAQ NB opened at $1.52 on Monday. NioCorp Developments has a 52 week low of $1.27 and a 52 week high of $4.00. The stock’s fifty day moving average is $1.46 and its 200 day moving average is $1.70. The stock has a market capitalization of $64.62 million, a P/E ratio of -1.79 and a beta of -0.46.

Hedge Funds Weigh In On NioCorp Developments

An institutional investor recently bought a new position in NioCorp Developments stock. Virtu Financial LLC bought a new stake in NioCorp Developments Ltd. (NASDAQ:NB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,317 shares of the company’s stock, valued at approximately $29,000. Institutional investors own 4.03% of the company’s stock.

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.