Neo Performance Materials (TSE:NEO) Price Target Cut to C$17.00

Neo Performance Materials (TSE:NEOGet Rating) had its price target decreased by Stifel Nicolaus from C$19.75 to C$17.00 in a research report report published on Monday, BayStreet.CA reports.

Separately, Scotiabank cut their target price on Neo Performance Materials from C$22.00 to C$21.00 in a research note on Monday, August 29th.

Neo Performance Materials Stock Performance

NEO stock opened at C$11.18 on Monday. The company has a debt-to-equity ratio of 4.18, a quick ratio of 1.44 and a current ratio of 3.67. The stock has a market capitalization of C$505.21 million and a price-to-earnings ratio of 6.69. Neo Performance Materials has a 1 year low of C$10.48 and a 1 year high of C$22.85. The stock’s fifty day moving average is C$13.54 and its two-hundred day moving average is C$13.60.

Neo Performance Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Tuesday, September 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, September 19th. Neo Performance Materials’s dividend payout ratio is currently 18.83%.

Neo Performance Materials Company Profile

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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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