NioCorp Developments Ltd.

NasdaqGM:NB Stock Report

Market Cap: US$726.5m

NioCorp Developments Future Growth

Future criteria checks 0/6

NioCorp Developments is forecast to grow earnings and revenue by 40.7% and 91.3% per annum respectively while EPS is expected to grow by 43.1% per annum.

Key information

40.7%

Earnings growth rate

43.08%

EPS growth rate

Metals and Mining earnings growth14.2%
Revenue growth rate91.3%
Future return on equityn/a
Analyst coverage

Low

Last updated20 May 2026

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

NasdaqGM:NB - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20280-23N/A-423
6/30/2027N/A-17-246-233
6/30/2026N/A-47-65-143
3/31/2026N/A-51-36-17N/A
12/31/2025N/A-56-31-16N/A
9/30/2025N/A-56-26-17N/A
6/30/2025N/A-16-11-11N/A
3/31/2025N/A-8-12-12N/A
12/31/2024N/A-7-9-9N/A
9/30/2024N/A-9-10-10N/A
6/30/2024N/A-10-12-12N/A
3/31/2024N/A-13-11-11N/A
12/31/2023N/A-38-18-18N/A
9/30/2023N/A-38-18-18N/A
6/30/2023N/A-39-17-17N/A
3/31/2023N/A-38-13-13N/A
12/31/2022N/A-11-7-7N/A
9/30/2022N/A-13-6-6N/A
6/30/2022N/A-11-6-6N/A
3/31/2022N/A-9-12-5N/A
12/31/2021N/A-8-12-6N/A
9/30/2021N/A-5-12-5N/A
6/30/2021N/A-5-11-5N/A
3/31/2021N/A-4-5-5N/A
12/31/2020N/A-4-3-3N/A
9/30/2020N/A-4-4-4N/A
6/30/2020N/A-4-3-3N/A
3/31/2020N/A-5-3-3N/A
12/31/2019N/A-5N/A-3N/A
9/30/2019N/A-7N/A-4N/A
6/30/2019N/A-7N/A-4N/A
3/31/2019N/A-7N/A-5N/A
12/31/2018N/A-9N/A-6N/A
9/30/2018N/A-8N/A-6N/A
6/30/2018N/A-8N/A-6N/A
3/31/2018N/A-11N/A-6N/A
12/31/2017N/A-12N/A-8N/A
9/30/2017N/A-14N/A-10N/A
6/30/2017N/A-15N/A-11N/A
3/31/2017N/A-14N/A-11N/A
12/31/2016N/A-12N/A-9N/A
9/30/2016N/A-11N/A-11N/A
6/30/2016N/A-11N/A-11N/A
3/31/2016N/A-26N/A-25N/A
12/31/2015N/A-24N/A-24N/A
9/30/2015N/A-25N/A-19N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NB is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: NB is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: NB is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: NB is forecast to have no revenue next year.

High Growth Revenue: NB is forecast to have no revenue next year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NB's Return on Equity is forecast to be high in 3 years time

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 11:32
End of Day Share Price 2026/06/09 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