NioCorp Developments shares surge 15.03% after-hours following HC Wainwright’s $11.25 price target upgrade.

NioCorp Developments surged 15.03% in after-hours trading following an analyst upgrade and a new $11.25 price target from HC Wainwright, issued earlier in the session. The upgrade, coupled with renewed investor confidence in the company’s Elk Creek critical minerals project and broader government support for rare earths, fueled the sharp post-market rally. Recent positive developments, including Q2 2026 earnings guidance and strategic partnerships, further reinforced optimism, aligning with the stock’s upward trajectory.