NioCorp Developments (NASDAQ:NB – Get Free Report) updated its first quarter 2026 earnings guidance on Monday. The company provided EPS guidance of -0.070–0.070 for the period, compared to the consensus EPS estimate of -0.090. The company issued revenue guidance of -.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Maxim Group increased their price objective on NioCorp Developments from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NioCorp Developments in a report on Wednesday, October 8th. Finally, HC Wainwright raised their price target on NioCorp Developments from $4.00 to $8.25 and gave the company a “buy” rating in a report on Monday, September 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, NioCorp Developments currently has an average rating of “Hold” and an average price target of $6.63.
NioCorp Developments Stock Up 9.0%
NioCorp Developments (NASDAQ:NB – Get Free Report) last announced its quarterly earnings data on Friday, July 11th. The company reported ($0.16) EPS for the quarter. On average, equities research analysts expect that NioCorp Developments will post -0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On NioCorp Developments
Several institutional investors have recently modified their holdings of NB. Geode Capital Management LLC increased its position in shares of NioCorp Developments by 2,376.5% during the 2nd quarter. Geode Capital Management LLC now owns 644,182 shares of the company’s stock valued at $1,501,000 after purchasing an additional 618,170 shares during the last quarter. Creative Planning bought a new position in shares of NioCorp Developments during the 2nd quarter valued at about $57,000. JPMorgan Chase & Co. increased its position in shares of NioCorp Developments by 48,003.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,533 shares of the company’s stock valued at $57,000 after purchasing an additional 24,482 shares during the last quarter. XTX Topco Ltd bought a new position in shares of NioCorp Developments during the 2nd quarter valued at about $75,000. Finally, New York State Common Retirement Fund bought a new position in shares of NioCorp Developments during the 2nd quarter valued at about $85,000. 4.03% of the stock is currently owned by institutional investors.
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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