Freedom Capital initiated coverage of NioCorp (NB) with a Buy rating and $8.70 price target NioCorp provides diversified exposure to niobium, scandium, titanium, and magnet rare earth elements, says the analyst, who views the company as strategically aligned with the U.S. government’s objective to secure domestic supply chains for critical minerals and reduce reliance on foreign producers, mainly China and Russia.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NB:
- NioCorp’s Elk Creek Project Gains Strong Support at Nebraska Town Hall
- NioCorp to Showcase Elk Creek Project at RedChip Conference
- NioCorp price target raised to $9.50 from $8.25 at H.C. Wainwright
- NioCorp Developments Completes Acquisition of FEA Materials
- Chinese rare-earth companies devise ways to dodge export restrictions, WSJ says