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NioCorp Developments Ltd.NasdaqGM:NB Stock Report

Market Cap US$786.2m
Share Price
US$5.40
US$11.38
52.5% undervalued intrinsic discount
1Y118.6%
7D6.9%
1D
Portfolio Value
​
View

NioCorp Developments Ltd.

NasdaqGM:NB Stock Report

Market Cap: US$786.2m

NioCorp Developments (NB) Stock Overview

Engages in the exploration and development of mineral deposits in North America. More details

NB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

Risk Analysis

Shareholders have been substantially diluted in the past year

Makes less than USD$1m in revenue ($0)

Volatile share price over the past 3 months compared to the US market

Currently unprofitable and not forecast to become profitable over the next 3 years


NB Community Fair Values

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NioCorp Developments Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for NioCorp Developments
Historical stock prices
Current Share PriceUS$5.40
52 Week HighUS$12.58
52 Week LowUS$2.17
Beta0.19
1 Month Change-4.59%
3 Month Change0%
1 Year Change118.62%
3 Year Change4.05%
5 Year Change-47.66%
Change since IPO222.39%

Recent News & Updates

Seeking Alpha • Dec 24

NioCorp: With The Trust Of Venture Capitalists In The Vault, Now To The Banks

Summary NioCorp Developments Ltd. is advancing the Elk Creek critical minerals project, with strong financing progress and political tailwinds supporting a bullish outlook. NB has secured $360 million in equity and holds $162.8 million in cash, with EXIM Bank due diligence ongoing for up to $800 million in debt financing. The Elk Creek project’s updated feasibility study underpins a $2.35 billion NPV and projected annual EBITDA of $403 million, with sector-leading resource grades. NB trades at a steep discount to NPV and sector EV/EBITDA multiples, with growing investor confidence and minimal mining risk supporting a buy thesis. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Dec 24

NioCorp: With The Trust Of Venture Capitalists In The Vault, Now To The Banks

Summary NioCorp Developments Ltd. is advancing the Elk Creek critical minerals project, with strong financing progress and political tailwinds supporting a bullish outlook. NB has secured $360 million in equity and holds $162.8 million in cash, with EXIM Bank due diligence ongoing for up to $800 million in debt financing. The Elk Creek project’s updated feasibility study underpins a $2.35 billion NPV and projected annual EBITDA of $403 million, with sector-leading resource grades. NB trades at a steep discount to NPV and sector EV/EBITDA multiples, with growing investor confidence and minimal mining risk supporting a buy thesis. Read the full article on Seeking Alpha
Seeking Alpha • Feb 27

NioCorp Developments: I Still Can't Make Their Sums Add Up

Summary NioCorp's revenue hinges on scandium, but their projections of selling at 3-4x current prices and 5x current demand are unrealistic. The current global scandium market is around 15-20 tonnes annually, making NioCorp's forecast of 117 tonnes by 2026 highly improbable. Historical data shows NioCorp's stock price has significantly dropped after previous critiques, indicating ongoing skepticism about their scandium market assumptions. I recommend avoiding investment on NB based on speculative assumptions. Read the full article on Seeking Alpha

Shareholder Returns

NBUS Metals and MiningUS Market
7D6.9%1.5%1.1%
1Y118.6%85.5%28.7%

Return vs Industry: NB exceeded the US Metals and Mining industry which returned 85.5% over the past year.

Return vs Market: NB exceeded the US Market which returned 28.7% over the past year.

Price Volatility

Is NB's price volatile compared to industry and market?
NB volatility
NB Average Weekly Movement11.6%
Metals and Mining Industry Average Movement9.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Stable Share Price: NB's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: NB's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19877Mark Smithwww.niocorp.com

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. Its principal mineral property is the Elk Creek niobium, scandium, and titanium project that consists of 227 acres parcel of land and associated mineral rights, and an additional 80 acres of surface rights and 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,272 acres located in Johnson County, southeast Nebraska. The company is also involved in the research and development of aluminum-scandium alloys and other business.

NioCorp Developments Ltd. Fundamentals Summary

How do NioCorp Developments's earnings and revenue compare to its market cap?
NB fundamental statistics
Market capUS$786.17m
Earnings (TTM)-US$50.80m
Revenue (TTM)n/a
0.0x
P/S Ratio
-15.5x
P/E Ratio

Is NB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NB income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$50.80m
Earnings-US$50.80m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.35
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did NB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 13:46
End of Day Share Price 2026/05/22 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NioCorp Developments Ltd. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vitaly KononovFreedom Broker
Heiko IhleH.C. Wainwright & Co.
Tate SullivanMaxim Group