H.C. Wainwright analyst Heiko Ihle lowered the firm’s price target on NioCorp (NB) to $4 from $4.25 and keeps a Buy rating on the shares. The firm’s decreased target is primarily based on recent dilution after the company announced mid-May that it had received a nonbinding Expression of Interest from UK Export Finance for a potential debt funding of up to $200M.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NB:
- Trump Trade: Canada rescinds digital services tax after U.S. drops trade talks
- China’s export controls impact products beyond rare earth, magnets, FT says
- China slow to export rare earth magnets to U.S., WSJ says
- China asks rare-earth companies for information on experts, WSJ reports
- NioCorp Joins Russell 3000 Index, Enhancing Market Visibility