
NB Stock Forecast & Price Target
NB Analyst Ratings
Bulls say
NioCorp Developments Ltd is positioned to significantly impact domestic supply chains for rare earths, contributing to a sharp premium associated with its stock. The company's ongoing progress in developing the Elk Creek Niobium/Scandium/Titanium property highlights its potential for growth and value creation. Additionally, initiatives aimed at mitigating financing risks further bolster the positive outlook for the company's future performance and benefits for shareholders.
Bears say
NioCorp Developments Ltd faces a negative outlook primarily due to the dilution effects resulting from a recent $50 million equity raise, which has impacted shareholder value. Additionally, the delay in projected first production to 2028 further complicates the company's financial situation, leading to a reevaluation of its discount rate from 18% to 13%. The removal of the net asset value (NAV) multiple also highlights growing concerns about the firm's ability to generate future profitable returns amidst ongoing development challenges.
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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