Equities Analysts Set Expectations for NB FY2025 Earnings

NioCorp Developments Ltd. (NASDAQ:NB) – Equities researchers at HC Wainwright raised their FY2025 earnings per share estimates for NioCorp Developments in a report released on Monday, January 13th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings per share of ($0.34) for the year, up from their prior 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 NioCorp Developments in a report on Wednesday, January 8th. They issued a “buy” rating and a $4.00 target price for the company.

NioCorp Developments Trading Up 7.2 %

NASDAQ:NB opened at $1.63 on Wednesday. The firm has a market cap of $69.29 million, a PE ratio of -1.92 and a beta of -0.46. The stock has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.69. NioCorp Developments has a 12-month low of $1.27 and a 12-month high of $4.00.

Institutional Trading of NioCorp Developments

A hedge fund recently bought a new stake in NioCorp Developments stock. Virtu Financial LLC bought a new position in shares of 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. 4.03% of the stock is owned by 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.