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

Neo Performance Materials (TSE:NEO) had its price target lifted by Stifel Nicolaus from C$15.00 to C$16.50 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Neo Performance Materials Price Performance

Shares of NEO opened at C$9.12 on Wednesday. The firm has a fifty day simple moving average of C$8.27 and a two-hundred day simple moving average of C$8.12. The firm has a market cap of C$266.91 million, a PE ratio of -119.77 and a beta of 1.38. The company has a current ratio of 2.59, a quick ratio of 1.92 and a debt-to-equity ratio of 10.65. Neo Performance Materials has a 1-year low of C$5.67 and a 1-year high of C$9.74.

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.