Neo Performance Materials (TSE:NEO) Given New C$15.00 Price Target at Stifel Nicolaus

Neo Performance Materials (TSE:NEO) had its target price boosted by Stifel Nicolaus from C$14.50 to C$15.00 in a report published on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group upped their price target on shares of Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Cormark upped their price target on shares of Neo Performance Materials from C$12.00 to C$12.50 in a research note on Wednesday, August 21st.

Neo Performance Materials Stock Performance

Shares of NEO opened at C$8.07 on Thursday. The company has a debt-to-equity ratio of 13.02, a quick ratio of 1.92 and a current ratio of 3.31. The stock has a market capitalization of C$336.92 million, a P/E ratio of 89.67 and a beta of 1.38. The company’s fifty day moving average is C$7.90 and its two-hundred day moving average is C$7.37. Neo Performance Materials has a 1 year low of C$5.50 and a 1 year high of C$8.69.

Neo Performance Materials (TSE:NEO) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.11. Neo Performance Materials had a net margin of 0.69% and a return on equity of 0.85%. The business had revenue of C$147.15 million for the quarter, compared to analysts’ expectations of C$169.30 million. On average, sell-side analysts predict that Neo Performance Materials will post 0.6753356 earnings per share for the current year.

Neo Performance Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.40 dividend on an annualized basis and a yield of 4.96%. Neo Performance Materials’s payout ratio is 444.44%.

Neo Performance Materials Company Profile

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.