Neo Performance Materials (TSE:NEO) Price Target Raised to C$16.50

Neo Performance Materials (TSE:NEO) had its price target increased by Stifel Nicolaus from C$15.00 to C$16.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Neo Performance Materials Stock Down 2.0 %

Shares of TSE NEO opened at C$9.41 on Wednesday. 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 52 week low of C$5.67 and a 52 week high of C$9.80. The firm’s fifty day moving average is C$8.34 and its 200 day moving average is C$8.14. The company has a market cap of C$275.40 million, a price-to-earnings ratio of -123.58 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.