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

Neo Performance Materials (TSE:NEO - Free Report) had its target price raised by Stifel Nicolaus from C$15.00 to C$16.50 in a report released on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Neo Performance Materials Stock Performance

Shares of Neo Performance Materials stock traded down C$0.19 during mid-day trading on Wednesday, hitting C$9.41. 45,517 shares of the stock were exchanged, compared to its average volume of 70,996. Neo Performance Materials has a 12 month low of C$5.67 and a 12 month high of C$9.80. The company has a 50-day simple moving average of C$8.34 and a 200 day simple moving average of C$8.14. The company has a market capitalization of C$275.40 million, a P/E ratio of -123.58 and a beta of 1.38. The company has a debt-to-equity ratio of 10.65, a quick ratio of 1.92 and a current ratio of 2.59.

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.