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NioCorp Developments (NB)
NASDAQ:NB
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NioCorp Developments
(NASDAQ:NB)
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Rating:50Neutral
Price Target:
$6.00
▼(-6.83% Downside)
The score is held back primarily by weak financial performance (pre-revenue losses and meaningful cash burn), partially offset by currently low leverage and a strategically positive acquisition. Technical indicators are mixed/neutral with slightly negative momentum, while valuation signals are constrained by a negative P/E and no dividend support.
NioCorp Developments (NB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$768.68M
Dividend YieldN/A
Average Volume (3M)3.40M
Price to Earnings (P/E)―
Beta (1Y)0.20
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding119,360,725
10 Day Avg. Volume3,344,742
30 Day Avg. Volume3,402,532
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 Cap0.11
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda-1.49
Forecast
1Y Price Target
$12.25Price Target Upside90.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NioCorp Developments Business Overview & Revenue Model
Company DescriptionNioCorp 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, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.
How the Company Makes Money
NioCorp Developments Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -3.00K | -4.16M | 0.00 | -3.00K | 0.00 |
| EBITDA | -58.57M | -17.93M | -7.54M | -38.27M | -8.06M | -3.28M |
| Net Income | -58.03M | -16.30M | -11.44M | -40.08M | -10.89M | -4.82M |
Balance Sheet | ||||||
| Total Assets | 194.69M | 43.82M | 20.07M | 20.93M | 22.76M | 24.47M |
| Cash, Cash Equivalents and Short-Term Investments | 162.76M | 25.55M | 2.01M | 2.34M | 5.28M | 7.32M |
| Total Debt | 112.00K | 131.00K | 7.86M | 10.80M | 4.27M | 10.85M |
| Total Liabilities | 43.24M | 14.66M | 17.54M | 29.80M | 5.09M | 11.26M |
| Stockholders Equity | 151.51M | 28.32M | 1.00M | -10.97M | 17.66M | 13.21M |
Cash Flow | ||||||
| Free Cash Flow | -30.69M | -10.66M | -11.73M | -17.30M | -6.17M | -11.03M |
| Operating Cash Flow | -16.66M | -10.66M | -11.73M | -17.30M | -6.15M | -4.73M |
| Investing Cash Flow | -14.08M | -7.00K | 0.00 | 21.00K | -16.00K | -6.30M |
| Financing Cash Flow | 193.38M | 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $1.27B | -78.29 | -1.64% | 1.14% | 7.92% | 91.83% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $376.21M | -35.50 | -4.25% | ― | ― | -10.45% | |
55 Neutral | $920.07M | ― | -16.00% | 1.17% | -16.89% | -403.77% | |
54 Neutral | $939.68M | -11.72 | -28.98% | ― | 11.32% | 61.60% | |
53 Neutral | $588.76M | -8.90 | -58.41% | ― | 821.40% | 44.70% | |
50 Neutral | $768.68M | -7.68 | -71.07% | ― | ― | ― |
* Basic Materials Sector Average
NB
NioCorp Developments
6.44
4.87
310.19%
CMP
Compass Minerals International
22.47
10.07
81.21%
GSM
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4.93
1.06
27.39%
NEXA
Nexa Resources SA
9.59
3.31
52.71%
ABAT
American Battery Technology
4.53
2.49
122.06%
IONR
ioneer Limited Sponsored ADR
5.74
1.85
47.56%
NioCorp Developments Corporate Events
Business Operations and StrategyM&A Transactions
NioCorp Developments Completes Acquisition of FEA Materials
Positive
Dec 4, 2025
On December 4, 2025, NioCorp Advanced Metals and Alloys, a subsidiary of NioCorp Developments, acquired the manufacturing assets and intellectual property of FEA Materials for $8.4 million. This acquisition is expected to enable NioCorp to produce aluminum-scandium master alloy in the U.S., positioning the company to establish the first vertically integrated scandium supply chain in the country. The move is part of NioCorp’s broader strategy to support growing defense and commercial market demand and to potentially produce finished Al-Sc alloy parts in the U.S. This strategic acquisition aligns with NioCorp’s plans to mine scandium-containing ore and produce scandium oxide at its Elk Creek Project in Nebraska, contingent on final financing and construction.
The most recent analyst rating on (NB) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
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.