Maxim Group analyst Tate Sullivan reiterated a Buy rating on NioCorp Developments yesterday and set a price target of $15.00.
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Tate Sullivan has given his Buy rating due to a combination of factors that highlight NioCorp Developments’ potential for growth and financial stability. One of the key reasons is the anticipated updated feasibility study for NioCorp’s critical mineral and rare earth project in Nebraska, expected in the first half of 2026. This study is likely to reveal additional resources and potential revenue streams from rare earth elements such as dysprosium, terbium, and neodymium-praseodymium, alongside niobium, scandium, and titanium.
Another factor contributing to the Buy rating is NioCorp’s financial position, which is bolstered by $162.8 million in cash and no debt, following a lower-than-expected cash burn in the September quarter of fiscal year 2026. Despite being pre-revenue, NioCorp’s strategic capital raises and the planned conversion of probable mineral reserves into proven reserves further strengthen its financial outlook. Sullivan’s analysis also considers the company’s ability to secure funding from the U.S. Department of War, which underscores the strategic importance and potential of NioCorp’s projects.
According to TipRanks, Sullivan is a 2-star analyst with an average return of 0.4% and a 47.98% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Seanergy Maritime, ABM Industries, and Tetra Tech.