Stifel Nicolaus Raises Neo Performance Materials (TSE:NEO) Price Target to C$15.00

Neo Performance Materials (TSE:NEO) 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.

Neo Performance Materials Trading Up 3.1 %

TSE NEO opened at C$8.07 on Thursday. The stock has a market capitalization of C$336.92 million, a price-to-earnings ratio of 89.67 and a beta of 1.38. The stock’s 50 day moving average price is C$7.90 and its two-hundred day moving average price is C$7.36. The company has a debt-to-equity ratio of 13.02, a quick ratio of 1.92 and a current ratio of 3.31. Neo Performance Materials has a 52 week low of C$5.50 and a 52 week high of C$8.69.

Neo Performance Materials (TSE:NEO) 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.