NioCorp Developments (NB)
NASDAQ:NB
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NioCorp Developments
(NASDAQ:NB)
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Rating:46Neutral
Price Target:
$4.50
▼(-9.27% Downside)
Action:ReiteratedDate:04/07/26
The score is weighed down primarily by weak financial performance (pre-revenue, large losses, and negative free cash flow) and a bearish technical setup (price below major moving averages with negative MACD). Valuation provides little support given the negative P/E and no dividend, while corporate events modestly help through governance stability and improved capital access.
Positive Factors
Balance Sheet Strength
Current low reported debt relative to equity gives the company material financial flexibility while it develops Elk Creek. Sustained low leverage reduces insolvency risk, supporting ability to raise project financing and absorb development delays without immediate creditor pressure.
Negative Factors
Pre-Revenue Cash Burn
The company remains pre-revenue with persistent negative operating and free cash flow, requiring repeated external funding. This structural cash-burn dynamic increases dilution risk, constrains reinvestment capacity, and elevates financing and execution risk until commercial production begins.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Current low reported debt relative to equity gives the company material financial flexibility while it develops Elk Creek. Sustained low leverage reduces insolvency risk, supporting ability to raise project financing and absorb development delays without immediate creditor pressure.
Read all positive factors
NioCorp Developments (NB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$700.45M
Dividend YieldN/A
Average Volume (3M)4.05M
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.06
Shares Outstanding145,320,970
10 Day Avg. Volume2,985,671
30 Day Avg. Volume4,047,461
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 Cap0.55
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-382.00K
Enterprise Value/Ebitda-6.36
Forecast
1Y Price Target
$12.50Price Target Upside152.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.57
Revenue Forecast (FY)N/A
NioCorp Developments Business Overview & Revenue Model
Company Description
NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights,...
How the Company Makes Money
null...
NioCorp Developments Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
24
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 | -1.00K | -3.00K | -4.16M | 0.00 | -3.00K | 0.00 |
| EBITDA | -60.03M | -17.93M | -7.54M | -38.27M | -8.06M | -3.28M |
| Net Income | -55.46M | -16.30M | -11.44M | -40.08M | -10.89M | -4.82M |
Balance Sheet | ||||||
| Total Assets | 348.01M | 43.82M | 20.07M | 20.93M | 22.76M | 24.47M |
| Cash, Cash Equivalents and Short-Term Investments | 306.36M | 25.55M | 2.01M | 2.34M | 5.28M | 7.32M |
| Total Debt | 413.00K | 131.00K | 7.86M | 10.80M | 4.27M | 10.85M |
| Total Liabilities | 39.97M | 14.66M | 17.54M | 29.80M | 5.09M | 11.26M |
| Stockholders Equity | 308.70M | 28.32M | 1.00M | -10.97M | 17.66M | 13.21M |
Cash Flow | ||||||
| Free Cash Flow | -43.54M | -10.66M | -11.73M | -17.30M | -6.17M | -11.03M |
| Operating Cash Flow | -16.19M | -10.66M | -11.73M | -17.30M | -6.15M | -4.73M |
| Investing Cash Flow | -23.03M | -7.00K | 0.00 | 21.00K | -16.00K | -6.30M |
| Financing Cash Flow | 345.10M | 34.21M | 11.40M | 14.64M | 4.30M | 18.07M |
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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $1.04B | 11.11 | -15.33% | ― | 11.32% | 61.60% | |
58 Neutral | $1.54B | 8.84 | 14.19% | 1.14% | 7.92% | 91.83% | |
50 Neutral | $794.16M | -5.12 | -22.22% | 1.17% | -16.89% | -403.77% | |
49 Neutral | $375.37M | -11.63 | -46.98% | ― | 821.40% | 44.70% | |
46 Neutral | $700.45M | -248.46 | -44.72% | ― | ― | ― | |
46 Neutral | $282.43M | -17.76 | -1.77% | ― | ― | -10.45% |
* Basic Materials Sector Average
NB
NioCorp Developments
4.82
2.76
133.98%
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NioCorp Developments Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
NioCorp Shareholders Extend Rights Plan and Incentive Program
Positive
Apr 6, 2026
On April 6, 2026, NioCorp shareholders approved an amendment and extension of the company’s limited-duration shareholder rights plan, pushing its expiry to the 2027 annual general meeting and preserving the board’s ability to redeem th...
Private Placements and FinancingRegulatory Filings and Compliance
NioCorp Developments Advances Capital Access with S-3 Filings
Positive
Jan 20, 2026
NioCorp Developments Ltd. has filed several key exhibits in connection with its Registration Statement on Form S-3, including a Standby Equity Purchase Agreement dated January 26, 2023 with YA II PN, Ltd., an Amendment No. 1 to that agreement date...
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.