Wall Street Zen Upgrades NioCorp Developments (NASDAQ:NB) to “Sell”

Posted by Geri Gentry on Oct 12th, 2026

NioCorp Developments (NASDAQ:NB – Get Free Report) was upgraded by analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other brokerages have also commented on NB. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NioCorp Developments in a research note on Friday, July 17th. Jefferies Financial Group initiated coverage on NioCorp Developments in a research report on Wednesday, September 2nd. They set a “hold” rating and a $4.70 price objective for the company. Finally, HC Wainwright reissued a “buy” rating on shares of NioCorp Developments in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.85.

View Our Latest Report on NB

NioCorp Developments Stock Performance

Shares of NioCorp Developments stock opened at $3.37 on Friday. The firm has a market capitalization of $490.63 million, a price-to-earnings ratio of -6.24 and a beta of 0.28. NioCorp Developments has a fifty-two week low of $3.33 and a fifty-two week high of $12.58. The stock has a 50 day moving average of $4.13 and a 200 day moving average of $4.78.

NioCorp Developments (NASDAQ:NB – Get Free Report) last posted its earnings results on Friday, September 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. Analysts forecast that NioCorp Developments will post -0.32 EPS for the current year.

Hedge Funds Weigh In On NioCorp Developments

Large investors have recently made changes to their positions in the stock. Allen Capital Group LLC boosted its position in shares of NioCorp Developments by 15.8% during the first quarter. Allen Capital Group LLC now owns 19,718 shares of the company’s stock worth $88,000 after buying an additional 2,690 shares during the period. Keybank National Association OH grew its stake in shares of NioCorp Developments by 22.8% in the first quarter. Keybank National Association OH now owns 15,963 shares of the company’s stock valued at $71,000 after buying an additional 2,963 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of NioCorp Developments in the first quarter valued at $25,000. Cetera Investment Advisers grew its stake in shares of NioCorp Developments by 11.5% in the first quarter. Cetera Investment Advisers now owns 65,848 shares of the company’s stock valued at $294,000 after buying an additional 6,783 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new stake in shares of NioCorp Developments in the 3rd quarter valued at $28,000. 4.03% of the stock is currently owned by institutional investors and hedge funds.

NioCorp Developments Company Profile

(Get Free Report)

NioCorp Developments Ltd. is a U.S.-focused critical minerals company advancing the Elk Creek Critical Minerals Project in southeast Nebraska. The project is designed to produce niobium, scandium and titanium, with the potential to recover several rare earth elements, including neodymium, praseodymium, terbium and dysprosium.

NioCorp’s planned products are intended for use in applications such as high-strength steel, aerospace and defense systems, electric vehicles, permanent magnets, and other advanced technologies.