NEO has been the topic of several other reports. Raymond James dropped their price objective on Neo Performance Materials from C$27.00 to C$25.00 and set an outperform rating on the stock in a research report on Monday, March 14th. Cormark set a C$25.00 target price on Neo Performance Materials in a research report on Monday.
Shares of TSE:NEO opened at C$13.05 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.88 and a quick ratio of 1.19. Neo Performance Materials has a 1-year low of C$10.48 and a 1-year high of C$22.85. The company has a market capitalization of C$530.73 million and a PE ratio of 11.02. The business has a fifty day moving average price of C$14.34 and a 200-day moving average price of C$17.15.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 28th. Stockholders of record on Monday, June 20th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.07%. Neo Performance Materials’s payout ratio is currently 26.75%.
About Neo Performance Materials (Get Rating)
Neo Performance Materials Inc manufactures and sells 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.
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