NioCorp Rises 1.2% as B. Riley Initiates Buy Rating with $12 Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: seekingalpha
- Coverage Initiation: B. Riley has initiated coverage on NioCorp with a Buy rating and a $12 price target, highlighting the Elk Creek critical minerals project in Nebraska as one of the most technically de-risked development projects in the U.S., which is expected to attract more investor interest.
- Market Discount: Despite NioCorp's market value of $2.35 billion, its shares are trading at a significant discount, with analyst Nick Giles attributing this to market perceptions of financing risk, which he believes is closer to resolution than current pricing suggests.
- Catalyst Outlook: Giles identifies several catalysts that could drive a strong re-rating of NioCorp shares in the near to medium term, including an updated feasibility study, the conversion of commercial agreements with Traxys to binding contracts, and ongoing progress with the Export-Import Bank towards securing $780 million in debt financing.
- Financing Progress: NioCorp's $780 million debt application has cleared all major Ex-Im review stages since 2023 and is well-positioned for final board authorization in the coming months, which Giles views as a re-rating event that would shift the project from a discounted pre-production NPV to a construction-stage project with a known capital structure and contracted revenue.
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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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See More
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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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See More
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