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NioCorp Developments
(NASDAQ:NB)
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Rating:45Neutral
Price Target:
$4.50
▲(8.70% Upside)
Action:Reiterated
Date:07/09/26
The score is primarily constrained by weak financial performance (no revenue, widening TTM losses, and persistent negative free cash flow) and bearish technicals (price below key moving averages with negative MACD). Valuation support is limited due to negative earnings and no dividend yield, while the recent compensation-related corporate event is modestly impactful and mixed in its implications for cash discipline.
Positive Factors
Balance sheet capacity
A sizeable equity base and very low reported debt provide meaningful capital capacity to fund Elk Creek advancement or to secure project financing. This structural balance sheet strength reduces immediate liquidity pressure and gives management optionality to pursue long-lead capex without immediate insolvency risk.
Negative Factors
No revenue; widening losses
The company remains pre-revenue with materially wider trailing losses, signaling the project is still capital-consuming. Persistent negative earnings reduce internal funding capacity, amplify reliance on capital markets, and increase execution and survival risk until commercial production starts.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet capacity
A sizeable equity base and very low reported debt provide meaningful capital capacity to fund Elk Creek advancement or to secure project financing. This structural balance sheet strength reduces immediate liquidity pressure and gives management optionality to pursue long-lead capex without immediate insolvency risk.
Read all positive factors
NioCorp Developments (NB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$626.02M
Dividend YieldN/A
Average Volume (3M)2.94M
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue GrowthN/A
EPS Growth-265.11%
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.72
Shares Outstanding145,587,050
10 Day Avg. Volume2,537,136
30 Day Avg. Volume2,941,206
Financial Highlights & Ratios
PEG Ratio-0.40
Price to Book (P/B)3.71
Price to Sales (P/S)0.00
P/FCF Ratio-9.85
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$12.33Price Target Upside197.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.24
Revenue Forecast (FY)N/A
NioCorp Developments Business Overview & Revenue Model
Company Description
NioCorp Developments Ltd. engages in the evaluation, acquisition, exploration, and development of mineral deposits. It focuses on a super alloy materials project in Nebraska for producing niobium, scandium, and titanium. The company was founded on...
How the Company Makes Money
null...
NioCorp Developments Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
54
Neutral
Cash Flow
12
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -155.00K | -3.00K | -4.16M | 0.00 | -3.00K | 0.00 |
| EBITDA | -54.17M | -17.93M | -7.54M | -38.27M | -8.06M | -3.28M |
| Net Income | -49.49M | -16.30M | -11.44M | -40.08M | -10.89M | -4.82M |
Balance Sheet | ||||||
| Total Assets | 468.97M | 43.82M | 20.07M | 20.93M | 22.76M | 24.47M |
| Cash, Cash Equivalents and Short-Term Investments | 421.26M | 25.55M | 2.01M | 2.34M | 5.28M | 7.32M |
| Total Debt | 379.00K | 131.00K | 7.86M | 10.80M | 4.27M | 10.85M |
| Total Liabilities | 34.57M | 14.66M | 17.54M | 29.80M | 5.09M | 11.26M |
| Stockholders Equity | 435.39M | 28.32M | 1.00M | -10.97M | 17.66M | 13.21M |
Cash Flow | ||||||
| Free Cash Flow | -16.67M | -10.66M | -11.73M | -17.30M | -6.17M | -11.03M |
| Operating Cash Flow | -16.67M | -10.66M | -11.73M | -17.30M | -6.15M | -4.73M |
| Investing Cash Flow | -27.66M | -7.00K | 0.00 | 21.00K | -16.00K | -6.30M |
| Financing Cash Flow | 464.30M | 34.21M | 11.40M | 14.64M | 4.30M | 18.07M |
NioCorp Developments Technical Analysis
Negative
4.14
Price Trends
4.92
Negative
5.12
Negative
5.74
Negative
Market Momentum
-0.21
Positive
38.07
Neutral
26.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NB, the sentiment is Negative. The current price of 4.14 is below the 20-day moving average (MA) of 4.39, below the 50-day MA of 4.92, and below the 200-day MA of 5.74, indicating a bearish trend. The MACD of -0.21 indicates Positive momentum. The RSI at 38.07 is Neutral, neither overbought nor oversold. The STOCH value of 26.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NB.
NioCorp Developments Risk Analysis
NioCorp Developments disclosed 43 risk factors in its most recent earnings report. NioCorp Developments reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NioCorp Developments Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.74B | 8.14 | 20.95% | 0.79% | 16.41% | ― | |
67 Neutral | $1.25B | 183.38 | 2.79% | ― | 6.42% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | $237.48M | -15.54 | -3.66% | ― | ― | 6.49% | |
49 Neutral | $278.29M | -3.92 | -63.85% | ― | 776.51% | 38.07% | |
48 Neutral | $599.82M | -5.38 | -15.03% | 1.73% | -11.77% | -85.76% | |
45 Neutral | $626.02M | -5.93 | -21.43% | ― | ― | -265.11% |
* Basic Materials Sector Average
NB
NioCorp Developments
4.26
0.94
28.16%
CMP
Compass Minerals International
29.34
9.28
46.26%
GSM
Ferroglobe
3.18
-0.63
-16.64%
NEXA
Nexa Resources SA
12.85
8.11
171.10%
ABAT
American Battery Technology
2.09
-0.20
-8.73%
IONR
ioneer Limited Sponsored ADR
3.49
0.50
16.72%
NioCorp Developments Corporate Events
Business Operations and StrategyExecutive/Board Changes
NioCorp Developments Launches Formal Annual Incentive Program
Positive
Jul 8, 2026
On July 2, 2026, NioCorp Developments’ Board approved a formal, company-wide Annual Incentive Program to modernize executive and employee compensation as it works to finance and build its Elk Creek Project. The cash-based program ties payout...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.