NioCorp Developments (NASDAQ:NB – Get Free Report) updated its second quarter 2026 earnings guidance on Monday. The company provided EPS guidance of -0.060–0.060 for the period, compared to the consensus EPS estimate of -0.410. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
NB has been the topic of several recent research reports. Loop Capital set a $8.70 price objective on shares of NioCorp Developments in a research note on Wednesday. William Blair initiated coverage on shares of NioCorp Developments in a report on Monday, October 20th. They set an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NioCorp Developments in a research note on Wednesday, October 8th. Finally, HC Wainwright boosted their price objective on shares of NioCorp Developments from $8.25 to $9.50 and gave the company a “buy” rating in a research report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.73.
View Our Latest Research Report on NioCorp Developments
NioCorp Developments Trading Down 2.2%
NioCorp Developments (NASDAQ:NB – Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported ($0.19) earnings per share for the quarter. On average, analysts predict that NioCorp Developments will post -0.34 EPS for the current year.
Hedge Funds Weigh In On NioCorp Developments
A number of hedge funds have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in NioCorp Developments by 31.6% in the 3rd quarter. Legal & General Group Plc now owns 7,584 shares of the company’s stock valued at $51,000 after acquiring an additional 1,822 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of NioCorp Developments by 17.5% during the third quarter. JPMorgan Chase & Co. now owns 28,831 shares of the company’s stock valued at $193,000 after purchasing an additional 4,298 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of NioCorp Developments during the third quarter valued at about $40,000. Creative Planning increased its holdings in shares of NioCorp Developments by 28.4% in the third quarter. Creative Planning now owns 31,306 shares of the company’s stock worth $209,000 after purchasing an additional 6,924 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of NioCorp Developments by 31.3% in the third quarter. NewEdge Advisors LLC now owns 33,931 shares of the company’s stock worth $227,000 after buying an additional 8,092 shares in the last quarter. Institutional investors own 4.03% of the company’s stock.
About NioCorp Developments
NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.
At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.
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