Neo Performance Materials (TSE:NEO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Neo Performance Materials (TSE:NEO) had its price target hoisted by analysts at Stifel Nicolaus from C$15.00 to C$16.50 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 84.15% from the company’s current price.

Neo Performance Materials Price Performance

TSE NEO traded up C$0.29 on Wednesday, reaching C$8.96. 95,898 shares of the company’s stock traded hands, compared to its average volume of 69,264. Neo Performance Materials has a 12 month low of C$5.67 and a 12 month high of C$9.74. The company has a debt-to-equity ratio of 10.65, a current ratio of 2.59 and a quick ratio of 1.92. The stock has a 50-day simple moving average of C$8.25 and a 200 day simple moving average of C$8.11. The stock has a market cap of C$262.23 million, a PE ratio of -117.67 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.