H.C. Wainwright analyst Heiko Ihle raised the firm’s price target on NioCorp (NB) to $4.25 from $3.25 and keeps a Buy rating on the shares. The firm says the recent share rally reflects growing investor interest in companies focused on establishing a domestic supply chain for heavy rare earths and critical minerals. It believes projects that advance U.S. resource independence amid geopolitical tension and federal support remain well positioned to receive increased interest as investors navigate the shifting market landscape.
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