NioCorp Shares Bounce Back as Analyst Sets Bullish Price Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: Fool
- Analyst Upgrade: B. Riley initiated coverage on NioCorp with a buy rating and a price target of $12, indicating a potential upside of 140% from yesterday's closing price of $4.99, reflecting optimistic market expectations for the company's future.
- De-risked Project: Analysts believe that NioCorp's Elk Creek project is one of the most de-risked critical minerals development projects in the U.S., containing scandium oxide and ferroniobium, which are not produced domestically, highlighting the project's significance in resource development.
- Positive Market Reaction: Despite NioCorp shares falling over 2% after Friday's close, the stock rebounded by 0.5% today following the analyst's bullish rating, indicating investor confidence in the company's prospects, although it had earlier surged by 6.6% during the session.
- Investment Risk Advisory: While B. Riley's high price target has attracted investor interest, NioCorp is still in the development phase, and there is uncertainty regarding the project's progression and profitability, suggesting that investments should be made by those with a high risk tolerance.
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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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