CreativeOne Wealth LLC Acquires 68,620 Shares of NioCorp Developments Ltd. $NB

CreativeOne Wealth LLC lifted its holdings in NioCorp Developments Ltd. (NASDAQ:NB) by 228.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 98,603 shares of the company’s stock after purchasing an additional 68,620 shares during the quarter. CreativeOne Wealth LLC’s holdings in NioCorp Developments were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in NioCorp Developments by 62.7% during the 2nd quarter. Bank of Montreal Can now owns 17,955 shares of the company’s stock worth $42,000 after acquiring an additional 6,920 shares during the last quarter. KPP Advisory Services LLC acquired a new position in shares of NioCorp Developments during the second quarter worth approximately $25,000. ProShare Advisors LLC bought a new stake in shares of NioCorp Developments during the second quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NioCorp Developments during the second quarter valued at approximately $27,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of NioCorp Developments in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 4.03% of the company’s stock.

NioCorp Developments Stock Performance

Shares of NB stock opened at $5.69 on Tuesday. NioCorp Developments Ltd. has a 52-week low of $1.32 and a 52-week high of $12.58. The stock has a market cap of $679.16 million, a PE ratio of -6.94 and a beta of -0.16. The firm’s 50 day moving average price is $7.23 and its two-hundred day moving average price is $4.79.

NioCorp Developments (NASDAQ:NB) last issued its earnings results on Thursday, September 11th. The company reported ($0.19) EPS for the quarter. As a group, sell-side analysts predict that NioCorp Developments Ltd. will post -0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NioCorp Developments in a report on Wednesday, October 8th. William Blair started coverage on NioCorp Developments in a research report on Monday, October 20th. They set an “outperform” rating for the company. Finally, HC Wainwright upped their price target on NioCorp Developments from $4.00 to $8.25 and gave the company a “buy” rating in a research note on Monday, September 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, NioCorp Developments currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

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.