NioCorp Developments (NB)

• Market cap: $66.1M
• Sector: Materials
• Industry: Metal Mining

About: NioCorp Developments Ltd is engaged in exploration and development of mineral deposits in North America, specifically, the Elk Creek Niobium/Scandium/Titanium property.

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

• Low target: $8.50 397% upside
• Avg. target: $8.50 397% upside
• High target: $8.50 397% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Heiko Ihle 74% 1-year accuracy 121 / 163 met price target

397% upside $8.50

Buy Reiterated

29 Aug 2024