NioCorp Developments (NASDAQ:NB) Price Target Lowered to $3.25 at HC Wainwright

NioCorp Developments (NASDAQ:NB) had its price objective lowered by HC Wainwright from $8.50 to $3.25 in a research note released on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Maxim Group began coverage on NioCorp Developments in a report on Wednesday, January 8th. They set a “buy” rating and a $4.00 price target for the company.

NioCorp Developments Trading Down 0.6 %

NASDAQ NB opened at $1.56 on Monday. The stock has a market cap of $66.32 million, a PE ratio of -1.84 and a beta of -0.46. NioCorp Developments has a twelve month low of $1.27 and a twelve month high of $4.00. The stock has a fifty day simple moving average of $1.46 and a 200-day simple moving average of $1.70.

Hedge Funds Weigh In On NioCorp Developments

An institutional investor recently bought a new position in NioCorp Developments stock. Virtu Financial LLC purchased a new stake in NioCorp Developments Ltd. (NASDAQ:NB) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,317 shares of the company’s stock, valued at approximately $29,000. Institutional investors own 4.03% of the company’s 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.