Cormark Upgrades Neo Performance Materials (TSE:NEO) to “Moderate Buy”

Neo Performance Materials (TSE:NEO) was upgraded by Cormark to a “moderate buy” rating in a research report issued on Wednesday,Zacks.com reports.

Separately, Stifel Nicolaus increased their price objective on Neo Performance Materials from C$17.50 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$22.00.

Neo Performance Materials Trading Down 1.7%

Shares of TSE:NEO opened at C$16.84 on Wednesday. The business’s 50-day moving average is C$16.60 and its 200 day moving average is C$12.37. Neo Performance Materials has a 1 year low of C$7.18 and a 1 year high of C$18.26. The firm has a market capitalization of C$700.53 million, a P/E ratio of -67.36 and a beta of 1.16. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92.

About Neo Performance Materials

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.