In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on NioCorp Developments (NIOBF – Research Report), with a price target of $0.90. The company’s shares closed last Monday at $0.60.
According to TipRanks.com, Ihle ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -2.3% and a 42.1% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Northern Dynasty Minerals, and First Majestic Silver.
Currently, the analyst consensus on NioCorp Developments is a Moderate Buy with an average price target of $0.90.
The company has a one-year high of $0.72 and a one-year low of $0.36. Currently, NioCorp Developments has an average volume of 119.7K.
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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.