HC Wainwright Issues Optimistic Estimate for NB Earnings

NioCorp Developments Ltd. (NASDAQ:NB) – Equities research analysts at HC Wainwright boosted their FY2026 earnings per share (EPS) estimates for shares of NioCorp Developments in a research note issued to investors on Monday, January 12th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($0.68) per share for the year, up from their previous forecast of ($0.71). HC Wainwright has a “Buy” rating and a $11.25 price objective on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.34) per share.

NioCorp Developments (NASDAQ:NB) last announced its quarterly earnings results on Thursday, September 11th. The company reported ($0.19) earnings per share (EPS) for the quarter.

NB has been the topic of several other research reports. Loop Capital set a $8.70 target price on shares of NioCorp Developments in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NioCorp Developments in a research note on Wednesday, October 8th. Finally, William Blair initiated coverage on NioCorp Developments in a research report on Monday, October 20th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NioCorp Developments currently has an average rating of “Moderate Buy” and an average price target of $8.32.

NioCorp Developments Stock Up 2.3%

NB stock opened at $6.81 on Thursday. The company has a market capitalization of $812.85 million, a P/E ratio of -8.30 and a beta of -0.14. The company has a 50-day simple moving average of $5.99 and a 200 day simple moving average of $5.56. NioCorp Developments has a fifty-two week low of $1.52 and a fifty-two week high of $12.58.

Hedge Funds Weigh In On NioCorp Developments

Hedge funds have recently made changes to their positions in the business. Alyeska Investment Group L.P. lifted its stake in NioCorp Developments by 67.0% during the third quarter. Alyeska Investment Group L.P. now owns 2,801,102 shares of the company’s stock valued at $18,711,000 after purchasing an additional 1,123,863 shares during the last quarter. Private Management Group Inc. bought a new position in shares of NioCorp Developments in the second quarter valued at $4,890,000. HITE Hedge Asset Management LLC bought a new position in shares of NioCorp Developments in the third quarter valued at $9,770,000. Brevan Howard Capital Management LP acquired a new stake in shares of NioCorp Developments during the 3rd quarter valued at $9,690,000. Finally, Marshall Wace LLP boosted its stake in shares of NioCorp Developments by 623.5% during the 3rd quarter. Marshall Wace LLP now owns 1,156,057 shares of the company’s stock worth $7,722,000 after acquiring an additional 996,267 shares in the last quarter. Institutional investors and hedge funds 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.