NioCorp Developments (NASDAQ:NB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

NioCorp Developments (NASDAQ:NB) announced 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.

NioCorp Developments Price Performance

NASDAQ NB traded up $0.04 on Friday, hitting $2.51. The stock had a trading volume of 410,448 shares, compared to its average volume of 329,042. The business’s fifty day moving average price is $1.66 and its 200 day moving average price is $1.71. The stock has a market cap of $106.71 million, a price-to-earnings ratio of -2.95 and a beta of -0.36. NioCorp Developments has a 52-week low of $1.27 and a 52-week high of $4.00.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Maxim Group assumed coverage on NioCorp Developments in a report on Wednesday, January 8th. They issued a “buy” rating and a $4.00 price target on the stock. HC Wainwright reduced their target price 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.

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.