Should I buy or sell Neo Performance Materials stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Neo Performance Materials in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NEO shares. View NEO analyst ratings or view top-rated stocks .

What is Neo Performance Materials' stock price target for 2024?

3 brokers have issued twelve-month price objectives for Neo Performance Materials' stock. Their NEO share price targets range from C$7.50 to C$11.00. On average, they anticipate the company's share price to reach C$9.83 in the next twelve months. This suggests a possible upside of 62.0% from the stock's current price. View analysts price targets for NEO or view top-rated stocks among Wall Street analysts .

How have NEO shares performed in 2024?

Neo Performance Materials' stock was trading at C$7.63 at the beginning of 2024. Since then, NEO shares have decreased by 20.4% and is now trading at C$6.07. View the best growth stocks for 2024 here .

When is Neo Performance Materials' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024. View our NEO earnings forecast .

How were Neo Performance Materials' earnings last quarter?

Neo Performance Materials Inc. (TSE:NEO) issued its quarterly earnings results on Friday, March, 15th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.12. The firm earned $175.19 million during the quarter, compared to analyst estimates of $187.67 million. Neo Performance Materials had a negative trailing twelve-month return on equity of 1.84% and a negative net margin of 1.48%.

How often does Neo Performance Materials pay dividends? What is the dividend yield for Neo Performance Materials?

Neo Performance Materials declared a quarterly dividend on Friday, December 15th. Investors of record on Thursday, December 28th will be given a dividend of 0.10 per share on Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, December 15th. Read our dividend analysis for NEO .

Is Neo Performance Materials a good dividend stock?

Neo Performance Materials (TSE:NEO) pays an annual dividend of C$0.40 per share and currently has a dividend yield of 6.49%. NEO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for NEO .

How do I buy shares of Neo Performance Materials?

Shares of NEO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:NEO

Neo Performance Materials (NEO) Stock Price, News & Analysis

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C$6.02

0.00 (0.00%)

(As of 10:06 AM ET)

Compare

Today's Range: C$6.02
▼
C$6.08
50-Day Range: C$5.77
▼
C$7.42
52-Week Range: C$5.50
▼
C$9.50

Volume: 3,013 shs
Average Volume: 80,565 shs
Market Capitalization: C$250.61 million

P/E Ratio: N/A
Dividend Yield: 6.64%
Price Target: C$9.83

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Neo Performance Materials alerts:

Neo Performance Materials MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 62.0% Upside
C$9.83 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.23
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$492,578 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Neo Performance Materials has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Neo Performance Materials has only been the subject of 2 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for NEO.

1.7

Dividend Strength

Dividend Leadership
Neo Performance Materials is a leading dividend payer. It pays a dividend yield of 6.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Neo Performance Materials does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NEO.

2.3

News and Social Media Coverage

News Sentiment
Neo Performance Materials has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.38 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Neo Performance Materials this week, compared to 1 article on an average week.
Search Interest
Only 4 people have searched for NEO on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
4 people have added Neo Performance Materials to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Neo Performance Materials insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$492,578.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
21.52% of the stock of Neo Performance Materials is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 32.03% of the stock of Neo Performance Materials is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Neo Performance Materials is -23.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Neo Performance Materials is -23.35, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Neo Performance Materials has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Neo Performance Materials Stock (TSE:NEO)

Neo Performance Materials Inc. engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets. Its powders are used in the production of bonded permanent magnets that are components in automotive motors, pumps, micro motors, traction motors, sensors, and other applications. The Chemicals and Oxides segments manufactures and distributes a range of industrial materials for use in auto catalysts, consumer electronics, petroleum refining, hybrid and electric vehicles, and municipal and industrial wastewater treatment applications. The Rare Metals segment sources, produces, reclaims, refines, and markets high-temperature metals that include tantalum, niobium, hafnium, and rhenium; and electronic metals, such as gallium and indium for jet engines, medical imaging, wireless technologies, and LED lightings, as well as flat panel displays, solar, steel additives, batteries, and electronic applications. The company was founded in 1994 and is headquartered in Toronto, Canada.

NEO Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NEO Stock News Headlines

March 27, 2024 | insidertrades.com

Neo Performance Materials Inc. (TSE:NEO) Senior Officer Kevin Morris Acquires 7,000 Shares

March 22, 2024 | insidertrades.com

Insider Buying: Neo Performance Materials Inc. (TSE:NEO) Director Purchases 60,000 Shares of Stock

April 18, 2024 | Birch Gold (Ad)

IRS Loophole Gives Americans An Escape From Inflation

March 20, 2024 | insidertrades.com

Insider Buying: Neo Performance Materials Inc. (TSE:NEO) Senior Officer Purchases 13,575 Shares of Stock

April 17, 2024 | americanbankingnews.com

Neo Performance Materials (TSE:NEO) Trading 1% Higher

April 16, 2024 | msn.com

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April 9, 2024 | cnet.com

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April 8, 2024 | finance.yahoo.com

Capital Allocation Trends At Neo Performance Materials (TSE:NEO) Aren't Ideal

March 29, 2024 | msn.com

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March 18, 2024 | msn.com

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March 15, 2024 | markets.businessinsider.com

Here's what Wall Street expects from Neo Performance Materials's earnings report

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March 14, 2024 | msn.com

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March 6, 2024 | finance.yahoo.com

Neo Performance Materials Inc. (TSE:NEO) most popular amongst individual investors who own 46% of the shares, institutions hold 32%

February 22, 2024 | msn.com

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Neo Performance Materials Inc.

January 21, 2024 | finance.yahoo.com

Shareholders in Neo Performance Materials (TSE:NEO) are in the red if they invested three years ago

January 9, 2024 | finanznachrichten.de

NEO Battery Materials Ltd.: NEO Battery Materials Provides Letter to Shareholders - 2024 Strategy & Outlook

January 3, 2024 | finance.yahoo.com

NEO Battery Materials Completes Relocation to R&D Expansion Facility in Gyeonggi Technopark

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/10/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Specialty Chemicals
Sub-Industry: N/A
Current Symbol: TSE:NEO
CUSIP: N/A
CIK: N/A
Web: www.neomaterials.com
Phone: 416 367 8588
Fax: N/A
Employees: 1,912
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$9.83
High Stock Price Target: C$11.00
Low Stock Price Target: C$7.50
Potential Upside/Downside: +63.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.26)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.70
P/E Growth: N/A
Net Income: C$-8,440,000.00
Net Margins: -1.48%
Pretax Margin: N/A
Return on Equity: -1.84%
Return on Assets: 1.60%

Debt

Debt-to-Equity Ratio: 6.76
Current Ratio: 3.08
Quick Ratio: 1.92

Sales & Book Value

Annual Sales: C$571.55 million
Price / Sales: 0.44
Cash Flow: C$1.64 per share
Price / Cash Flow: 3.68
Book Value: C$10.28 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 41,630,000
Free Float: N/A
Market Cap: C$250.61 million
Optionable: Not Optionable
Beta: 1.48

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Key Executives

Mr. Rahim Suleman
CEO, President & Director
Mr. Kevin D. Morris (Age 55)
Executive VP & CSO
Comp: $1.37M
Mr. Jeffrey R. Hogan
Executive Vice President of Chemicals & Oxides
Mr. Gregory K. Kroll
Executive Vice President of Magnequench
Mr. Jonathan Baksh
Executive VP & CFO
Ali Mahdavi
Capital Markets & IR Executive
Mr. Mohamad El- Mahmoud
Executive Vice President of Rare Metals
Mr. Alexander D. Caldwell
Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

NEO Stock Analysis - Frequently Asked Questions

Should I buy or sell Neo Performance Materials stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Neo Performance Materials in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NEO shares.
View NEO analyst ratings or view top-rated stocks.
What is Neo Performance Materials' stock price target for 2024?: 3 brokers have issued twelve-month price objectives for Neo Performance Materials' stock. Their NEO share price targets range from C$7.50 to C$11.00. On average, they anticipate the company's share price to reach C$9.83 in the next twelve months. This suggests a possible upside of 62.0% from the stock's current price.
View analysts price targets for NEO or view top-rated stocks among Wall Street analysts.
How have NEO shares performed in 2024?: Neo Performance Materials' stock was trading at C$7.63 at the beginning of 2024. Since then, NEO shares have decreased by 20.4% and is now trading at C$6.07.
View the best growth stocks for 2024 here.
When is Neo Performance Materials' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our NEO earnings forecast.

How were Neo Performance Materials' earnings last quarter?: Neo Performance Materials Inc. (TSE:NEO) issued its quarterly earnings results on Friday, March, 15th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.12. The firm earned $175.19 million during the quarter, compared to analyst estimates of $187.67 million. Neo Performance Materials had a negative trailing twelve-month return on equity of 1.84% and a negative net margin of 1.48%.
How often does Neo Performance Materials pay dividends? What is the dividend yield for Neo Performance Materials?: Neo Performance Materials declared a quarterly dividend on Friday, December 15th. Investors of record on Thursday, December 28th will be given a dividend of 0.10 per share on Thursday, December 28th. This represents a $0.40 annualized dividend and a yield of 6.59%. The ex-dividend date is Friday, December 15th.
Read our dividend analysis for NEO.
Is Neo Performance Materials a good dividend stock?: Neo Performance Materials (TSE:NEO) pays an annual dividend of C$0.40 per share and currently has a dividend yield of 6.49%. NEO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NEO.
How do I buy shares of Neo Performance Materials?: Shares of NEO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:NEO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Neo Performance Materials (NEO) Stock Price, News & Analysis

Neo Performance Materials MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Neo Performance Materials Stock (TSE:NEO)

NEO Stock Price History

NEO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

NEO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™