NioCorp DevelopmentsNB
Market Cap: $62.5M
About: NioCorp Developments Ltd is a pure play critical minerals project in Nebraska that plans to produce niobium, scandium, titanium, and magnetic rare earths. The Elk Creek Project is the highest-grade Niobium project under development in North America and is the second largest indicated or rare earth Mineral Resource in the United States. All of NioCorp's planned products are designed as critical by the United States Government. All are vital to clean technologies and the global energy transition.
Employees: 7
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
16% more funds holding
Funds holding: 51 [Q1] → 59 (+8) [Q2]
1.3% less ownership
Funds ownership: 7.24% [Q1] → 5.94% (-1.3%) [Q2]
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
44% less capital invested
Capital invested by funds: $6.87M [Q1] → $3.87M (-$3M) [Q2]
86% less call options, than puts
Call options by funds: $3K | Put options by funds: $22K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
HC Wainwright & Co. Heiko Ihle 41% 1-year accuracy 65 / 157 met price target | 415%upside $8.50 | Buy Reiterated | 29 Aug 2024 |