NioCorp Developments (NASDAQ:NB – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02, Zacks reports.
NioCorp Developments Price Performance
NB stock opened at $2.61 on Wednesday. The firm has a 50 day moving average of $1.73 and a two-hundred day moving average of $1.73. NioCorp Developments has a 12 month low of $1.27 and a 12 month high of $4.00.
Analyst Ratings Changes
NB has been the subject of several recent research reports. Maxim Group initiated coverage on shares of NioCorp Developments in a research report on Wednesday, January 8th. They issued a “buy” rating and a $4.00 target price for the company. HC Wainwright decreased their target price on shares of NioCorp Developments from $8.50 to $3.25 and set a “buy” rating for the company in a research report on Monday, January 13th.
About NioCorp Developments
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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