NioCorp Developments Ltd. (NASDAQ:NB – Get Free Report)’s share price was up 4.3% during trading on Thursday . The company traded as high as $1.95 and last traded at $1.92. Approximately 100,663 shares were traded during trading, a decline of 4% from the average daily volume of 104,820 shares. The stock had previously closed at $1.84.
Analysts Set New Price Targets
Separately, HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of NioCorp Developments in a research note on Thursday, August 29th.
View Our Latest Analysis on NB
NioCorp Developments Trading Up 4.3 %
NioCorp Developments (NASDAQ:NB – Get Free Report) last posted its earnings results on Monday, September 23rd. The company reported ($0.53) EPS for the quarter. Analysts anticipate that NioCorp Developments Ltd. will post -0.25 earnings per share for the current fiscal year.
Institutional Trading of NioCorp Developments
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. acquired a new stake in shares of NioCorp Developments during the first quarter worth about $29,000. XTX Topco Ltd boosted its position in shares of NioCorp Developments by 109.5% in the 2nd quarter. XTX Topco Ltd now owns 28,638 shares of the company’s stock valued at $50,000 after purchasing an additional 14,966 shares during the period. Finally, Vanguard Group Inc. grew its stake in NioCorp Developments by 529.0% during the 1st quarter. Vanguard Group Inc. now owns 734,425 shares of the company’s stock worth $1,998,000 after buying an additional 617,664 shares during the last quarter. Institutional investors and hedge funds 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.
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