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NioCorp Developments
(NASDAQ:NB)
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Rating:43Neutral
Price Target:
$3.50
▼(-21.70% Downside)
Action:Reiterated
Date:09/26/26
NB scores low primarily due to development-stage financials—no meaningful revenue, recurring losses, and continued cash burn—despite improved 2026 balance sheet leverage. Technical indicators also reflect a sustained downtrend with weak momentum, and valuation is constrained by negative earnings and no dividend support.
Positive Factors
Low Leverage
Very low current debt reduces near-term solvency pressure and leaves the company less exposed to interest costs or refinancing demands. This provides greater financial flexibility while NioCorp pursues project financing, although continued funding and execution remain necessary.
Negative Factors
No Commercial Revenue
NioCorp remains pre-commercial, so it has not yet demonstrated customer revenue, operating scale, or repeatable commercial execution. Without a revenue base, the project’s eventual economics remain dependent on completing financing, construction, and the transition into production.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low current debt reduces near-term solvency pressure and leaves the company less exposed to interest costs or refinancing demands. This provides greater financial flexibility while NioCorp pursues project financing, although continued funding and execution remain necessary.
Read all positive factors
NioCorp Developments (NB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$525.06M
Dividend YieldN/A
Average Volume (3M)2.47M
Price to Earnings (P/E)―
Beta (1Y)0.82
Revenue GrowthN/A
EPS Growth-55.68%
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.57
Shares Outstanding145,849,620
10 Day Avg. Volume2,259,840
30 Day Avg. Volume2,474,196
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)13.10
Price to Sales (P/S)0.00
P/FCF Ratio-152.06
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$9.90Price Target Upside121.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.25
Revenue Forecast (FY)N/A
NioCorp Developments Business Overview & Revenue Model
Company Description
NioCorp Developments Ltd. engages in the evaluation, acquisition, exploration, and development of mineral deposits. It focuses on a super alloy materials project in Nebraska for producing niobium, scandium, and titanium. The company was founded on...
How the Company Makes Money
null...
NioCorp Developments Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
45
Neutral
Cash Flow
14
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -359.00K | -3.00K | -4.16M | 0.00 | -3.00K |
| EBITDA | -37.95M | -17.93M | -7.54M | -38.27M | -8.06M |
| Net Income | -48.55M | -16.30M | -11.44M | -40.08M | -10.89M |
Balance Sheet | |||||
| Total Assets | 466.90M | 43.82M | 20.07M | 20.93M | 22.76M |
| Cash, Cash Equivalents and Short-Term Investments | 415.00M | 25.55M | 2.01M | 2.34M | 5.28M |
| Total Debt | 94.00K | 131.00K | 7.86M | 10.80M | 4.27M |
| Total Liabilities | 37.11M | 14.66M | 17.54M | 29.80M | 5.09M |
| Stockholders Equity | 431.24M | 28.32M | 1.00M | -10.97M | 17.66M |
Cash Flow | |||||
| Free Cash Flow | -37.16M | -10.66M | -11.73M | -17.30M | -6.17M |
| Operating Cash Flow | -15.90M | -10.66M | -11.73M | -17.30M | -6.15M |
| Investing Cash Flow | -29.66M | -7.00K | 0.00 | 21.00K | -16.00K |
| Financing Cash Flow | 437.13M | 34.21M | 11.40M | 14.64M | 4.30M |
NioCorp Developments Technical Analysis
Negative
4.47
Price Trends
4.24
Negative
4.70
Negative
5.19
Negative
Market Momentum
-0.22
Negative
40.42
Neutral
27.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NB, the sentiment is Negative. The current price of 4.47 is above the 20-day moving average (MA) of 3.73, above the 50-day MA of 4.24, and below the 200-day MA of 5.19, indicating a bearish trend. The MACD of -0.22 indicates Negative momentum. The RSI at 40.42 is Neutral, neither overbought nor oversold. The STOCH value of 27.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NB.
NioCorp Developments Risk Analysis
NioCorp Developments disclosed 43 risk factors in its most recent earnings report. NioCorp Developments reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NioCorp Developments Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $1.61B | 5.62 | 25.68% | 1.08% | 23.37% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $925.26M | 49.24 | 7.13% | 2.87% | 5.46% | ― | |
59 Neutral | $742.77M | -18.99 | -5.64% | 1.45% | -8.54% | 61.49% | |
51 Neutral | $315.10M | -3.94 | -64.63% | ― | 406.77% | 3.36% | |
48 Neutral | $245.78M | -13.99 | -3.66% | ― | ― | 26.53% | |
43 Neutral | $525.06M | -6.08 | -13.82% | ― | ― | -55.68% |
* Basic Materials Sector Average
NB
NioCorp Developments
3.43
-3.33
-49.26%
CMP
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21.81
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12.65%
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IONR
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2.88
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-34.84%
NioCorp Developments Corporate Events
Business Operations and StrategyExecutive/Board Changes
NioCorp Developments Launches Formal Annual Incentive Program
Positive
Jul 8, 2026
On July 2, 2026, NioCorp Developments’ Board approved a formal, company-wide Annual Incentive Program to modernize executive and employee compensation as it works to finance and build its Elk Creek Project. The cash-based program ties payout...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.