NioCorp Developments (NB)
NASDAQ:NB
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NioCorp Developments
(NASDAQ:NB)
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Rating:46Neutral
Price Target:
$5.00
▼(-19.61% Downside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (no revenue, widening TTM losses, and ongoing cash burn that raises financing/dilution risk). Technical indicators are relatively neutral and provide only modest support, while valuation is unfavorable due to a very high P/E and no dividend yield. Corporate governance updates are mildly supportive but not a fundamental offset to the current financial profile.
Positive Factors
Low Leverage / Large Equity Base
Very low reported debt and a sizable equity and asset base provide the company structural capacity to pursue project development without immediate solvency stress. Over months this balance-sheet flexibility can enable staged financing, negotiation leverage on project contracts, and resilience while advancing permitting and construction milestones.
Negative Factors
Pre-Revenue Operations and Widening Losses
The company remains pre-revenue with materially widening TTM losses, reflecting that core operations are not yet commercialized. Over a 2–6 month horizon, persistent and growing losses erode the equity cushion, increase execution risk on project delivery, and heighten the need to secure material external capital to sustain development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Large Equity Base
Very low reported debt and a sizable equity and asset base provide the company structural capacity to pursue project development without immediate solvency stress. Over months this balance-sheet flexibility can enable staged financing, negotiation leverage on project contracts, and resilience while advancing permitting and construction milestones.
Read all positive factors
NioCorp Developments (NB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$774.52M
Dividend YieldN/A
Average Volume (3M)4.15M
Price to Earnings (P/E)220.2
Beta (1Y)0.54
Revenue GrowthN/A
EPS Growth-265.11%
CountryUS
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding145,587,050
10 Day Avg. Volume5,332,217
30 Day Avg. Volume4,153,760
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 Cap0.47
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-2.36K
Enterprise Value/Ebitda-5.91
Forecast
1Y Price Target
$12.50Price Target Upside100.96% 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 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
NioCorp is a development-stage company and, based on publicly available information, it has not established recurring operating revenue from mineral production. Its intended long-term revenue model is to generate sales from mining and processing m...
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 | -61.83M | -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 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 | $1.88B | 3.93 | 20.95% | 1.14% | 9.46% | ― | |
67 Neutral | $1.25B | 19.35 | 2.79% | ― | 6.42% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | $437.89M | -2.72 | -63.85% | ― | 776.51% | 38.07% | |
48 Neutral | $768.00M | -27.50 | -15.03% | 1.17% | -11.77% | -85.76% | |
46 Neutral | $774.52M | 220.17 | -21.43% | ― | ― | -265.11% | |
46 Neutral | $329.11M | -17.76 | -1.80% | ― | ― | 6.49% |
* Basic Materials Sector Average
NB
NioCorp Developments
5.40
2.93
118.62%
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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...
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.