William Blair analyst Neal Dingmann has maintained their bullish stance on NB stock, giving a Buy rating on November 17.
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Neal Dingmann has given his Buy rating due to a combination of factors that highlight NioCorp Developments’ promising future. The company is making significant strides with its Elk Creek project, having secured necessary land and permits, and is on the verge of initiating scandium metal production. The anticipated funding from the U.S. Export-Import Bank, along with potential financial support from the UK and German governments, strengthens the project’s financial outlook.
Moreover, NioCorp’s technological advancements in scandium production, notably through a Pentagon-funded collaboration with Lockheed Martin, are noteworthy. The company’s innovative approach to scandium metal production, which bypasses traditional methods, positions it favorably in the rare earth production chain. With plans to commence production in February 2026 and a comprehensive financing strategy in place, including a potential $1.2 billion in debt and equity financing, NioCorp is well-positioned for growth, justifying the Buy rating.
In another report released on November 17, Maxim Group also reiterated a Buy rating on the stock with a $15.00 price target.