HC Wainwright Has Positive Forecast for NB FY2026 Earnings

NioCorp Developments Ltd. (NASDAQ:NB) – Research analysts at HC Wainwright boosted their FY2026 earnings per share (EPS) estimates for shares of NioCorp Developments in a report released on Monday, September 22nd. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.28) per share for the year, up from their previous estimate of ($0.37). HC Wainwright currently has a “Buy” rating and a $8.25 target price on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.34) per share.

NioCorp Developments (NASDAQ:NB) last released its earnings results on Friday, July 11th. The company reported ($0.16) earnings per share for the quarter. NioCorp Developments has set its FY 2025 guidance at -0.350–0.350 EPS.

Separately, Maxim Group upped their price objective on shares of NioCorp Developments from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, NioCorp Developments has an average rating of “Buy” and a consensus price target of $6.63.

NioCorp Developments Price Performance

Shares of NASDAQ NB opened at $6.14 on Wednesday. The stock has a market capitalization of $477.45 million, a P/E ratio of -18.06 and a beta of -0.29. NioCorp Developments has a one year low of $1.27 and a one year high of $6.55. The firm’s 50 day simple moving average is $4.25 and its two-hundred day simple moving average is $3.06.

Institutional Trading of NioCorp Developments

A number of institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC bought a new position in shares of NioCorp Developments in the second quarter worth approximately $25,000. KPP Advisory Services LLC bought a new stake in NioCorp Developments during the 2nd quarter valued at $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NioCorp Developments during the 2nd quarter valued at $27,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in NioCorp Developments during the 2nd quarter valued at $30,000. Finally, Blue Capital Inc. bought a new stake in NioCorp Developments in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 4.03% of the company’s stock.

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.