Neo Performance Materials (TSE:NEO) Given New C$25.00 Price Target at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its target price boosted by Stifel Nicolaus from C$22.00 to C$25.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Cormark raised shares of Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$25.00.

Neo Performance Materials Stock Down 0.1%

Neo Performance Materials stock opened at C$22.35 on Tuesday. The firm has a market cap of C$929.74 million, a price-to-earnings ratio of -89.40 and a beta of 0.88. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. Neo Performance Materials has a fifty-two week low of C$7.18 and a fifty-two week high of C$23.30. The firm has a fifty day moving average price of C$17.79 and a two-hundred day moving average price of C$13.81.

Neo Performance Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Neo Performance Materials’s dividend payout ratio is currently -114.66%.

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.