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0 0 -0.00707705448111772 -0.00707705448111772 0.0158013544018058 0.021902263437252 0.00664999084863639 0.0173265816606674
Stock impact report

Why NioCorp Developments Stock Was a Winner on Wednesday [Yahoo! Finance]

NioCorp Developments Ltd. (NB) 
Company Research Source: Yahoo! Finance
Specialty mining stock NioCorp Developments (NASDAQ: NB) was able to surmount the hump of Hump Day, closing more than 2% higher in price to contrast favorably with the S&P 500 index's 0.3% decline. A bullish analyst note was an immediate catalyst for the rise. Freedom Capital Markets' Vitaly Kononov initiated coverage of NioCorp stock that day. He recommends it as a buy, with a price target of $8.70. That's a sturdy 31% higher than the company's most recent closing price. Kononov's take on NioCorp is based on several factors, according to reports. A critical one is that the company benefits from top-down U.S. government support, as the Trump administration has prioritized the development of rare-earth mining in the country. The pundit also wrote in his inaugural NioCorp note that the company will also benefit from demand from U.S. industrial companies that require rare-earth elements. Finally, Kononov waxed bullish about the quality of the company's deposits and its production, Show less Read more
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