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

NioCorp Developments (NASDAQ:NB) issued its earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02, Zacks reports.

NioCorp Developments Stock Performance

NB stock traded up $0.04 during trading on Friday, reaching $2.51. 410,448 shares of the company were exchanged, compared to its average volume of 329,042. The company has a market cap of $106.71 million, a P/E ratio of -2.95 and a beta of -0.36. The stock’s 50 day moving average price is $1.66 and its 200 day moving average price is $1.71. NioCorp Developments has a 52-week low of $1.27 and a 52-week high of $4.00.

Analyst Ratings Changes

A number of analysts recently commented on NB shares. Maxim Group started coverage on shares of NioCorp Developments in a report on Wednesday, January 8th. They set a “buy” rating and a $4.00 price objective on the stock. HC Wainwright decreased their price objective on shares of NioCorp Developments from $8.50 to $3.25 and set a “buy” rating on the stock 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.