
NB Stock Forecast & Price Target
NB Analyst Ratings
Bulls say
NioCorp Developments Ltd presents a favorable outlook due to its potential to significantly reshape domestic supply chains for rare earths, which has resulted in a sharp premium on its market valuation. The company is actively making strides in the exploration and development of the Elk Creek Niobium/Scandium/Titanium property, indicating a commitment to advancing its operational goals. Furthermore, ongoing initiatives aimed at mitigating financing risks are expected to yield positive results for shareholders in the future.
Bears say
NioCorp Developments Ltd faces a negative outlook primarily due to the dilution effect from a recent $50 million equity raise, which has impacted shareholder value. Additionally, the postponement of the anticipated first production to 2028 further exacerbates uncertainties regarding the firm's operational timeline and revenue generation. The adjustments in the discount rate from 18% to 13% and the removal of the net asset value multiple reflect ongoing concerns about the company's financial stability and viability in development.
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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