Investors showed interest in NioCorp Developments after a price target increase by H.C. Wainwright’s Heiko Ihle, pushing the stock up over 2% in late-session trading. The analyst raised the fair value assessment to $9.50 per share, citing the company’s rare-earth materials development and liquidity. Potential for high returns due to domestic rare-earth mining.

The price target raise was influenced by increased net asset value multiple and NioCorp’s focus on rare-earth materials. With the majority of rare-earth assets mined abroad, the company’s U.S.-based development presents a lucrative opportunity. Despite recent share price spikes, current pullback makes NioCorp stock attractive for potential high gains.

While NioCorp Developments is gaining attention from investors, it didn’t make the list of the 10 best stocks identified by The Motley Fool Stock Advisor team. The stocks that did make the cut have the potential for significant returns, with historical examples like Netflix and Nvidia showing substantial growth. Stock Advisor boasts a total average return of 991% compared to the S&P 500’s 195%.

Read more at Yahoo Finance: Why NioCorp Developments Stock Was Bumping Higher on Monday