Neo Performance Materials (TSE:NEO) Given New C$16.50 Price Target at Stifel Nicolaus

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

Neo Performance Materials Price Performance

TSE NEO traded up C$0.29 during trading hours on Wednesday, reaching C$8.96. The company’s stock had a trading volume of 95,898 shares, compared to its average volume of 69,264. The company has a market capitalization of C$262.23 million, a price-to-earnings ratio of -117.67 and a beta of 1.38. Neo Performance Materials has a 1 year low of C$5.67 and a 1 year high of C$9.74. The firm’s 50-day moving average price is C$8.25 and its 200-day moving average price is C$8.11. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.

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.