HC Wainwright Has Strong Forecast for NB FY2026 Earnings

NioCorp Developments Ltd. (NASDAQ:NB) – Investment analysts at HC Wainwright increased their FY2026 earnings estimates for shares of NioCorp Developments in a research report issued to clients and investors on Wednesday, July 15th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.36) per share for the year, up from their previous estimate of ($0.42). HC Wainwright currently has a “Buy” rating on the stock. The consensus estimate for NioCorp Developments’ current full-year earnings is ($0.48) per share.

NioCorp Developments (NASDAQ:NB) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02).

Other analysts have also recently issued research reports about the stock. Zacks Research cut shares of NioCorp Developments from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Wall Street Zen lowered shares of NioCorp Developments from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NioCorp Developments in a report on Tuesday, April 21st. Finally, B. Riley Financial assumed coverage on NioCorp Developments in a research report on Tuesday, June 9th. They issued a “buy” rating and a $12.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.23.

NioCorp Developments Price Performance

Shares of NB stock opened at $4.37 on Friday. The company has a market capitalization of $636.23 million, a PE ratio of -6.43 and a beta of 0.24. The firm’s 50-day moving average is $5.21 and its two-hundred day moving average is $5.50. NioCorp Developments has a 12 month low of $2.64 and a 12 month high of $12.58.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of NioCorp Developments by 2,376.5% during the second quarter. Geode Capital Management LLC now owns 644,182 shares of the company’s stock valued at $1,501,000 after acquiring an additional 618,170 shares during the last quarter. Creative Planning purchased a new stake in shares of NioCorp Developments in the 2nd quarter valued at approximately $57,000. JPMorgan Chase & Co. raised its stake in shares of NioCorp Developments by 48,003.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,533 shares of the company’s stock valued at $57,000 after acquiring an additional 24,482 shares during the period. XTX Topco Ltd acquired a new position in shares of NioCorp Developments in the 2nd quarter worth approximately $75,000. Finally, New York State Common Retirement Fund acquired a new position in shares of NioCorp Developments in the 2nd quarter worth approximately $85,000. Hedge funds and other institutional investors own 4.03% of the company’s stock.

NioCorp Developments Company Profile

NioCorp Developments Ltd is a North American critical minerals development company focused on advancing its flagship Elk Creek Critical Minerals Project in southeastern Nebraska. The company’s primary business activity centers on the exploration, evaluation and development of a polymetallic deposit that hosts significant quantities of niobium, scandium and titanium. Through metallurgical testing and prefeasibility studies, NioCorp aims to produce high-purity ferroniobium, high-purity titanium dioxide slag and scandium oxide for industrial, aerospace and clean-energy applications.

At the heart of NioCorp’s operations is the Elk Creek project, where the company holds surface rights and mineral leases across approximately 7,100 acres of land.