
NB Stock Forecast & Price Target
NB Analyst Ratings
Bulls say
NioCorp Developments Ltd has shown a pronounced premium due to its strategic position in reshaping domestic supply chains for rare earth elements, particularly through the Elk Creek Niobium/Scandium/Titanium property. The firm stands to benefit from robust governmental support and increasing interest in rare earths, leading to a revision in net asset value (NAV) multiples from 1.0x to 1.25x, reflecting positive investor sentiment and potential for growth. Additionally, advancements in financing and offtake agreements are expected to bolster future revenue, enhancing the company's prospects in the evolving market for rare earths.
Bears say
NioCorp Developments Ltd faces significant financial challenges, primarily due to dilution from a recent $50 million equity raise and a one-year delay in the projected first production timeline, now set for 2028. The company's net asset value (NAV) multiple has been removed amid ongoing uncertainties, and the discount rate has been lowered to 13.0% from 18.0%, reflecting elevated risks associated with the project's realization. Additionally, worsening geopolitical risks globally further compound the company's negative outlook, indicating a challenging environment for its mineral exploration and development efforts.
This aggregate rating is based on analysts' research of NioCorp Developments Ltd and is not a guaranteed prediction by Public.com or investment advice.
NB Analyst Forecast & Price Prediction
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