NioCorp Developments (NASDAQ:NB) Now Covered by Analysts at Maxim Group

Posted by Tyrone Williams on Jan 9th, 2025

Maxim Group started coverage on shares of NioCorp Developments (NASDAQ:NB – Free Report) in a report published on Wednesday morning,Benzinga reports. The firm issued a buy rating and a $4.00 price objective on the stock.

NioCorp Developments Stock Down 1.9 %

NASDAQ:NB opened at $1.55 on Wednesday. NioCorp Developments has a 52 week low of $1.27 and a 52 week high of $4.00. The stock’s fifty day moving average is $1.46 and its two-hundred day moving average is $1.70. The company has a market capitalization of $65.89 million, a P/E ratio of -1.82 and a beta of -0.46.

Institutional Investors Weigh In On NioCorp Developments

An institutional investor recently raised its position in NioCorp Developments stock. XTX Topco Ltd grew its stake in NioCorp Developments Ltd. (NASDAQ:NB – Free Report) by 109.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,638 shares of the company’s stock after buying an additional 14,966 shares during the quarter. XTX Topco Ltd owned 0.08% of NioCorp Developments worth $50,000 as of its most recent filing with the SEC. 4.03% of the stock is owned by institutional investors and hedge funds.

About NioCorp Developments

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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.