Stifel Nicolaus Issues Positive Forecast for Neo Performance Materials (TSE:NEO) Stock Price

Neo Performance Materials (TSE:NEO) had its price objective hoisted by Stifel Nicolaus from C$17.50 to C$22.00 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Neo Performance Materials Price Performance

NEO stock opened at C$16.74 on Wednesday. The firm has a market cap of C$489.93 million, a price-to-earnings ratio of -219.85 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. Neo Performance Materials has a 12-month low of C$7.18 and a 12-month high of C$18.26. The company’s fifty day simple moving average is C$14.81 and its 200 day simple moving average is C$11.15.

Neo Performance Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were issued a $0.10 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.40 annualized dividend and a yield of 2.4%. Neo Performance Materials’s payout ratio is presently -525.33%.

Insider Transactions at Neo Performance Materials

In other news, Director Rahim Suleman bought 5,100 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of C$9.87 per share, for a total transaction of C$50,344.14. 22.38% of the stock is currently owned by insiders.

Neo Performance Materials Company Profile

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.