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The latest announcement is out from NioCorp Developments ( (NB) ).
NioCorp Developments Ltd. has filed several key exhibits in connection with its Registration Statement on Form S-3, including a Standby Equity Purchase Agreement dated January 26, 2023 with YA II PN, Ltd., an Amendment No. 1 to that agreement dated May 3, 2024, and a legal opinion and consent from Blake, Cassels & Graydon LLP. These filings outline the company’s equity financing arrangements and provide requisite legal support for its shelf registration, signaling ongoing efforts to secure flexible access to capital and maintain compliance with U.S. securities regulations.
The most recent analyst rating on (NB) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
Spark’s Take on NB Stock
According to Spark, TipRanks’ AI Analyst, NB is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue losses and meaningful cash burn), partially offset by currently low leverage and a strategically positive acquisition. Technical indicators are mixed/neutral with slightly negative momentum, while valuation signals are constrained by a negative P/E and no dividend support.
To see Spark’s full report on NB stock, click here.
More about NioCorp Developments
Average Trading Volume: 5,257,385
Technical Sentiment Signal: Strong Buy
Current Market Cap: $789M
For an in-depth examination of NB stock, go to TipRanks’ Overview page.