Jefferies Initiates Coverage of NioCorp Developments (NB) with Hold Recommendation
Fintel reports that on September 2, 2026, Jefferies initiated coverage of NioCorp Developments (NASDAQGM:NB) with a Hold recommendation.
Analyst Price Forecast Suggests 201.81% Upside
As of August 29, 2026, the average one-year price target for NioCorp Developments is $12.50/share. The forecasts range from a low of $10.10 to a high of $15.75. The average price target represents an increase of 201.81% from its latest reported closing price of $4.14 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NioCorp Developments is 1MM. The projected annual non-GAAP EPS is -0.18.
What is the Fund Sentiment?
There are 304 funds or institutions reporting positions in NioCorp Developments. This is an increase of 95 owner(s) or 45.45% in the last quarter. Average portfolio weight of all funds dedicated to NB is 0.03%, an increase of%. Total shares owned by institutions increased in the last three months by 4.09% to 55,689K shares. 
The put/call ratio of is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Brevan Howard Capital Management holds 7,075K shares representing 4.86% ownership of the company. In its prior filing, the firm reported owning 6,485K shares , representing an increase of 8.34%. The firm increased its portfolio allocation in NB by 1.80% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,849K shares representing 1.96% ownership of the company. In its prior filing, the firm reported owning 2,673K shares , representing an increase of 6.18%. The firm decreased its portfolio allocation in NB by 8.02% over the last quarter.
Private Management Group holds 2,145K shares representing 1.47% ownership of the company. No change in the last quarter.
Geode Capital Management holds 2,093K shares representing 1.44% ownership of the company. In its prior filing, the firm reported owning 1,557K shares , representing an increase of 25.62%. The firm increased its portfolio allocation in NB by 24.56% over the last quarter.
Citadel Advisors holds 1,810K shares representing 1.24% ownership of the company. In its prior filing, the firm reported owning 6,204K shares , representing a decrease of 242.84%. The firm decreased its portfolio allocation in NB by 77.72% over the last quarter.
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This story originally appeared on Fintel.