Neo Performance Materials Inc. (TSE:NEO - Get Free Report) declared a quarterly dividend on Tuesday, December 17th,TickerTech Dividends reports. Investors of record on Friday, December 27th will be given a dividend of 0.10 per share on Friday, December 27th. This represents a $0.40 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, December 17th.
Neo Performance Materials Price Performance
Shares of Neo Performance Materials stock traded down C$0.17 during trading hours on Friday, reaching C$8.27. 58,165 shares of the company's stock were exchanged, compared to its average volume of 72,206. The business has a fifty day moving average of C$8.07 and a two-hundred day moving average of C$7.91. The company has a market capitalization of C$345.27 million, a P/E ratio of 91.89 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 3.31 and a debt-to-equity ratio of 13.02. Neo Performance Materials has a 1 year low of C$5.50 and a 1 year high of C$8.81.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Cormark increased their price objective on shares of Neo Performance Materials from C$12.00 to C$12.50 in a report on Wednesday, August 21st. Stifel Nicolaus upped their price target on Neo Performance Materials from C$14.50 to C$15.00 and gave the company a "buy" rating in a research report on Thursday, October 17th.
View Our Latest Stock Analysis on NEO
Neo Performance Materials Company Profile
(
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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.
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