Neo Performance Materials (TSE:NEO) Price Target Raised to C$17.50

Neo Performance Materials (TSE:NEO) had its price objective increased by Stifel Nicolaus from C$16.50 to C$17.50 in a research report sent to investors on Monday morning,BayStreet.CA reports.

Neo Performance Materials Price Performance

Neo Performance Materials stock opened at C$10.64 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. The company has a 50-day moving average price of C$9.56 and a 200 day moving average price of C$8.65. Neo Performance Materials has a 12-month low of C$6.20 and a 12-month high of C$12.07. The stock has a market cap of C$311.40 million, a P/E ratio of -139.74 and a beta of 1.38.

About Neo Performance Materials

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.