NioCorp Developments (NASDAQ:NB) Releases Earnings Results

NioCorp Developments (NASDAQ:NB - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02, Zacks reports.Get NioCorp Developments alerts:NioCorp Developments Trading Up 1.6 % Nebius Group: Market Overreaction or Real AI Disruption?NASDAQ:NB traded up $0.04 during midday trading on Friday, hitting $2.51. 410,448 shares of the company were exchanged, compared to its average volume of 329,042. The company has a fifty day simple moving average of $1.66 and a 200 day simple moving average of $1.71. NioCorp Developments has a fifty-two week low of $1.27 and a fifty-two week high of $4.00. The company has a market capitalization of $106.71 million, a PE ratio of -2.95 and a beta of -0.36. Analysts Set New Price TargetsNB has been the subject of a number of recent research reports. HC Wainwright cut their price objective on shares of NioCorp Developments from $8.50 to $3.25 and set a "buy" rating for the company in a report on Monday, January 13th. Maxim Group started coverage on shares of NioCorp Developments in a research note on Wednesday, January 8th. They issued a "buy" rating and a $4.00 price target for the company.Nebius Group (NBIS): A Small-Cap Backed by NVIDIAView Our Latest Research Report on NBAbout NioCorp Developments (Get Free Report)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.Recommended StoriesFive stocks we like better than NioCorp Developments3 REITs to Buy and Hold for the Long TermIBM’s AI Bet Pays Off—What’s Next for Investors?The Significance of Brokerage Rankings in Stock Selection3 Reasons to Treat AMD's Drop as an Entry OpportunityCanadian Penny Stocks: Can They Make You Rich? Qualcomm’s Post-Earnings Dip: A Prime Buying Opportunity?Nebius Group: The Rising Star in AI InfrastructureThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in NioCorp Developments Right Now?Before you consider NioCorp Developments, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NioCorp Developments wasn't on the list.While NioCorp Developments currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here