Neo Performance Materials (TSE:NEO – Free Report) had its target price upped by Stifel Nicolaus from C$14.50 to C$15.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
Several other research analysts have also weighed in on NEO. Canaccord Genuity Group boosted their price target on Neo Performance Materials from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Cormark boosted their price target on Neo Performance Materials from C$12.00 to C$12.50 in a research report on Wednesday, August 21st.
Get Our Latest Stock Report on NEO
Neo Performance Materials Trading Up 3.1 %
Neo Performance Materials (TSE:NEO – Get Free Report) last released its earnings results on Friday, August 9th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.11. The firm had revenue of C$147.15 million for the quarter, compared to analysts’ expectations of C$169.30 million. Neo Performance Materials had a return on equity of 0.85% and a net margin of 0.69%. As a group, analysts anticipate that Neo Performance Materials will post 0.6753356 earnings per share for the current fiscal year.
Neo Performance Materials Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend was Tuesday, September 17th. Neo Performance Materials’s payout ratio is presently 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.
Featured Stories
- Five stocks we like better than Neo Performance Materials
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Misses and Beats: 3 Stocks That Are Moving Markets Right Now
- How to Invest in Blue Chip Stocks
- Cisco on the Rise: AI Potential and Analyst Upgrades Drive Gains
- What is the Shanghai Stock Exchange Composite Index?
- MarketBeat Week in Review – 10/14 – 10/18
Receive News & Ratings for Neo Performance Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neo Performance Materials and related companies with MarketBeat.com's FREE daily email newsletter.