NioCorp Developments (NASDAQ:NB) Shares Down 7.3% – Should You Sell?

Posted by Brenda Bartman on Aug 24th, 2026

Shares of NioCorp Developments Ltd. (NASDAQ:NB – Get Free Report) fell 7.3% during mid-day trading on Monday . The stock traded as low as $4.35 and last traded at $4.3010. 569,634 shares changed hands during trading, a decline of 87% from the average daily volume of 4,395,190 shares. The stock had previously closed at $4.64.

Wall Street Analyst Weigh In

Several analysts have issued reports on NB shares. Wall Street Zen lowered NioCorp Developments from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. B. Riley Financial began coverage on shares of NioCorp Developments in a report on Tuesday, June 9th. They set a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NioCorp Developments in a research report on Friday, July 17th. HC Wainwright reaffirmed a “buy” rating on shares of NioCorp Developments in a report on Wednesday, July 15th. Finally, Zacks Research downgraded NioCorp Developments from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NioCorp Developments currently has an average rating of “Hold” and an average target price of $10.23.

Read Our Latest Stock Report on NioCorp Developments

NioCorp Developments Stock Performance

The company has a market capitalization of $627.33 million, a PE ratio of -6.34 and a beta of 0.26. The company’s 50-day moving average is $4.72 and its 200 day moving average is $5.18.

Hedge Funds Weigh In On NioCorp Developments

Several large investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. boosted 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 buying an additional 1,123,863 shares during the last quarter. Deltroit Asset Management UK LLP bought a new stake in shares of NioCorp Developments in the 4th quarter worth about $5,677,000. Marshall Wace LLP boosted its position in shares of NioCorp Developments by 623.5% during the third quarter. Marshall Wace LLP now owns 1,156,057 shares of the company’s stock valued at $7,722,000 after buying an additional 996,267 shares during the period. Nuveen LLC grew its position in NioCorp Developments by 785.0% in the 4th quarter. Nuveen LLC now owns 879,032 shares of the company’s stock valued at $4,659,000 after acquiring an additional 779,709 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of NioCorp Developments by 67.9% in the fourth quarter. State Street Corp now owns 1,768,356 shares of the company’s stock worth $9,372,000 after purchasing an additional 715,288 shares during the last quarter. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

About NioCorp Developments

(Get Free Report)

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.