NioCorp Developments (NASDAQ:NB) Issues Earnings Results

NioCorp Developments (NASDAQ:NB) posted its quarterly earnings data on Tuesday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports.

NioCorp Developments Stock Down 3.4 %

Shares of NB opened at $2.52 on Thursday. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $4.00. The firm’s 50 day moving average price is $1.75 and its two-hundred day moving average price is $1.73.

Analysts Set New Price Targets

NB has been the topic of several recent research reports. HC Wainwright reduced their target price on shares of NioCorp Developments from $8.50 to $3.25 and set a “buy” rating on the stock in a research note on Monday, January 13th. Maxim Group began coverage on NioCorp Developments in a research note on Wednesday, January 8th. They issued a “buy” rating and a $4.00 price target on the stock.

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.