B. Riley Initiates Coverage on NioCorp Stock with Bullish Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: NASDAQ.COM
- Analyst Rating: B. Riley has initiated coverage on NioCorp stock with a buy rating and set a price target of $12, indicating a 140% upside from yesterday's closing price of $4.99, reflecting optimism about the company's future prospects.
- Project Potential: The Elk Creek project is considered one of the most de-risked critical minerals development projects in the U.S., containing rare minerals like scandium oxide and ferroniobium, which are not produced domestically, highlighting its strategic importance.
- Market Reaction: Although NioCorp shares briefly surged by 6.6% following the analyst's rating, they later settled at a 0.5% increase, indicating market uncertainty regarding the company's future profitability, necessitating caution among investors.
- Investment Risks: Given that NioCorp is still in the development phase and the project's profitability remains uncertain, the stock is suitable only for investors with high risk tolerance, while conservative investors are advised to consider other more stable mining stocks.
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Analyst Views on NB
Wall Street analysts forecast NB stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 5.190
Low
9.50
Averages
12.25
High
15.00
Current: 5.190
Low
9.50
Averages
12.25
High
15.00
About NB
NioCorp Developments Ltd. is developing the Elk Creek Project that is expected to produce niobium, scandium, and titanium. The Company is also evaluating the potential to produce several rare earths from the Elk Creek Project. The Elk Creek Project is a shovel-ready pure-play critical minerals project with the highest-grade Niobium resource in North America and an indicated rare earth resource in the United States. The Elk Creek Project is located approximately 105 kilometers (kms) southeast of Lincoln, Nebraska (the state capital); 129 kms south of Omaha, Nebraska, and three miles west of Elk Creek, Nebraska and six miles south of Tecumseh, Nebraska.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rich Mineral Resources: The Skaergaard deposit hosts a resource of 25.4 million ounces of palladium-equivalent and 23.5 million ounces of gold-equivalent, making it one of the largest undeveloped palladium-gold deposits globally, aligning with Western nations' goals to reduce reliance on Russia and China.
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