NioCorp Developments Ltd. (NB) fair value: what the stock is really worth
As of Oct 13, 2026: fair value of NioCorp Developments Ltd. $2.24, price $3.34, upside -33.1%, quality 31 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range $0.6170 – $11.67 · fair‑value band $1.47 – $2.79 · the $3.34 price screens above the $2.24 fair value. Dashed = 300-day average. As of Oct 14, 2026.
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NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America.
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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. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.
Stock analysis
NioCorp Developments Ltd. Common Stock (NB) currently trades at $3.34, while our model-based Fair Value estimate is $2.24, 33.1% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: $1.47 (bear) to $2.79 (bull), the price of $3.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
NioCorp Developments Ltd. Common Stock reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$48.6M in FY2026.
Key figures
Market cap $455M · EPS (TTM) $−0.4100 · Return on equity −22.1% · Return on assets (EBIT) −63.4% · Free cash flow −$37.2M · Net cash $415M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 71% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −33%, NB screens richer than that median.
Fair Value models
Bear $1.47Fair Value $2.24Bull $2.79
Price $3.34 · Upside -33.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 1 year
−8.0%
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+81.3%
’99
’00
’04
’05
’06
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−16,825.7% (2000) → −1,917.5% (2006)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 376 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score31 · Below median
Fair Value upside−21.3% · Above median
Profitability
Return on assets−9.4% · Bottom 25%
Operating margin (TTM)0.0% · Below median
Growth and dividend
Revenue growth0.0% · Below median
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B1.05× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 78
PAST (return on equity)0· sector 0
HEALTH (low debt)99· sector 95
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "NioCorp Developments Ltd. Common Stock Fair Value". https://www.fairvalue-calculator.com/stock/NB
Frequently asked questions
Is NioCorp Developments Ltd. (NB) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of $2.24 versus a price of $3.34, about −33% upside (overvalued).
What is the fair value of NB?
Our model-based fair value for NioCorp Developments Ltd. Common Stock is $2.24 (as of Oct 14, 2026), built from audited fundamentals. The current price: $3.34.
What is the quality score of NB?
NioCorp Developments Ltd. Common Stock has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NioCorp Developments Ltd. (NB)?
Our model-based price target is the fair value of $2.24 (as of Oct 14, 2026) from 1 valuation models. Cautious scenario $1.47, optimistic scenario $2.79. It is a calculation from audited fundamentals, not an analyst target.
What is the NioCorp Developments Ltd. Common Stock stock forecast for 2026?
Our models put fair value at $2.24, about −33% upside versus a price of $3.34 (overvalued). Cautious scenario $1.47, optimistic scenario $2.79. The calculation is refreshed regularly with new filings.
What is the intrinsic value of NioCorp Developments Ltd. (NB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NioCorp Developments Ltd. Common Stock it is $2.24 per share (as of Oct 14, 2026), against a price of $3.34. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is NioCorp Developments Ltd. Common Stock stock overvalued or undervalued in 2026?
As of Oct 14, 2026, NB trades above its calculated fair value: price $3.34, fair value $2.24, a gap of about −33% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NB?
No. The price is what the market pays today ($3.34); the fair value is what the company's own numbers justify ($2.24). For NioCorp Developments Ltd. Common Stock the two are $1.10 per share apart. That gap is exactly why we show both numbers side by side.
How much is NioCorp Developments Ltd. Common Stock worth?
The market values NioCorp Developments Ltd. Common Stock at about $455M (market capitalisation, as of Oct 14, 2026). Per share that is $3.34; our models calculate a fair value of $2.24 per share.
What do the bullish and bearish scenarios say about NB?
Our models span a range for NioCorp Developments Ltd. Common Stock: cautious scenario $1.47, base $2.24, optimistic $2.79 per share (as of Oct 14, 2026, price $3.34). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of NioCorp Developments Ltd. (NB)?
Balance-sheet figures for NioCorp Developments Ltd. Common Stock (as of Oct 14, 2026): return on equity −22.1%, debt of 0.02 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is NB from its 52-week high?
NioCorp Developments Ltd. Common Stock trades at $3.34, about 71% below its 52-week high of $11.67 and 2% above the low of $3.28 (as of Oct 13, 2026). Distance from the high says nothing about value: that is what the fair value of $2.24 is for.
Which stocks are comparable to NioCorp Developments Ltd. Common Stock?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, Korea Zinc Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NioCorp Developments Ltd. Common Stock stock attractive at the current price?
The data as of Oct 14, 2026: price $3.34, calculated fair value $2.24 (−33%), Quality Score 31/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NB calculated?
We run NioCorp Developments Ltd. Common Stock through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.24, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. NioCorp Developments Ltd. Common Stock itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of NioCorp Developments Ltd. (NB)?
The closing price on Oct 13, 2026 was $3.34. Our model-based fair value is $2.24, about −33% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NioCorp Developments Ltd. Common Stock right now?
The price sits above even our optimistic bull case ($2.79). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($1.47 to $2.79) leaves room in how you read the outcome.
Key figures of NioCorp Developments Ltd. Common Stock
How large is the market capitalisation of NioCorp Developments Ltd. (NB)?
The market capitalisation of NioCorp Developments Ltd. Common Stock is $455M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of NioCorp Developments Ltd. (NB)?
Earnings per share at NioCorp Developments Ltd. Common Stock are $−0.4100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of NioCorp Developments Ltd. (NB)?
The return on equity (ROE) of NioCorp Developments Ltd. Common Stock is −22.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NioCorp Developments Ltd. (NB)?
On an EBIT basis the return on assets of NioCorp Developments Ltd. Common Stock is −63.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How much free cash flow does NioCorp Developments Ltd. (NB) generate?
The free cash flow of NioCorp Developments Ltd. Common Stock is −$37.2M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does NioCorp Developments Ltd. (NB) hold?
NioCorp Developments Ltd. Common Stock holds more cash than debt, $415M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Oct 14, 2026