Universal Beteiligungs und Servicegesellschaft mbH Makes New $205,000 Investment in NioCorp Developments Ltd. $NB

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NioCorp Developments Ltd. (NASDAQ:NB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 88,000 shares of the company’s stock, valued at approximately $205,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.15% of NioCorp Developments at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Armistice Capital LLC acquired a new position in NioCorp Developments in the first quarter worth $2,573,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of NioCorp Developments during the second quarter worth $27,000. CreativeOne Wealth LLC raised its holdings in shares of NioCorp Developments by 76.0% during the first quarter. CreativeOne Wealth LLC now owns 29,983 shares of the company’s stock worth $59,000 after purchasing an additional 12,946 shares during the period. Intech Investment Management LLC bought a new position in shares of NioCorp Developments in the 2nd quarter worth about $62,000. Finally, Creative Planning acquired a new position in shares of NioCorp Developments in the 2nd quarter valued at about $57,000. 4.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on NB. HC Wainwright boosted their price objective on shares of NioCorp Developments from $4.00 to $8.25 and gave the company a “buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of NioCorp Developments in a research note on Wednesday, October 8th. Finally, William Blair started coverage on NioCorp Developments in a report on Monday, October 20th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NioCorp Developments currently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

NioCorp Developments Stock Up 5.4%

NB stock opened at $6.25 on Friday. The stock has a market cap of $746 million, a PE ratio of -7.62 and a beta of -0.17. The firm’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $4.75. NioCorp Developments Ltd. has a fifty-two week low of $1.32 and a fifty-two week high of $12.58.

NioCorp Developments (NASDAQ:NB) last posted its earnings results on Thursday, September 11th. The company reported ($0.19) earnings per share (EPS) for the quarter. Equities analysts forecast that NioCorp Developments Ltd. will post -0.34 EPS for the current fiscal year.

NioCorp Developments 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.