H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on NioCorp Developments (NIOBF – Research Report) today and set a price target of $1.40. The company’s shares closed yesterday at $0.89.
Ihle covers the Basic Materials sector, focusing on stocks such as Golden Minerals Co, Hecla Mining Company, and Gold Resource. According to TipRanks, Ihle has an average return of -22.1% and a 16.07% success rate on recommended stocks.
NioCorp Developments has an analyst consensus of Moderate Buy, with a price target consensus of $1.40.
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NIOBF market cap is currently $245.7M and has a P/E ratio of -23.69.
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NioCorp Developments Ltd. engages in the evaluation, acquisition, exploration, and development of mineral deposits. It focuses on a superalloy materials project in Southeast Nebraska for the production of niobium, scandium, and titanium. The company was founded on February 27, 1987 and is headquartered in Centennial, CO.