NioCorp Developments (NASDAQ:NB – Get Free Report) released its earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports.
NioCorp Developments Stock Performance
Shares of NB stock opened at $2.61 on Wednesday. NioCorp Developments has a 52-week low of $1.27 and a 52-week high of $4.00. The firm has a fifty day moving average of $1.73 and a 200-day moving average of $1.73.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. HC Wainwright cut their target price on shares of NioCorp Developments from $8.50 to $3.25 and set a “buy” rating for the company in a research note on Monday, January 13th. Maxim Group assumed coverage on shares of NioCorp Developments in a research note on Wednesday, January 8th. They set a “buy” rating and a $4.00 target price for the company.
NioCorp Developments Company Profile
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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