Neo Performance Materials (TSE:NEO) Reaches New 52-Week High – What’s Next?

Neo Performance Materials Inc. (TSE:NEO) reached a new 52-week high on Thursday . The stock traded as high as C$9.40 and last traded at C$9.34, with a volume of 197948 shares trading hands. The stock had previously closed at C$8.53.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price objective on Neo Performance Materials from C$14.50 to C$15.00 and gave the company a “buy” rating in a research note on Thursday, October 17th.

Neo Performance Materials Stock Down 0.3 %

The firm has a 50 day moving average price of C$8.07 and a two-hundred day moving average price of C$8.00. The firm has a market capitalization of C$393.29 million, a price-to-earnings ratio of 104.67 and a beta of 1.38. The company has a current ratio of 3.31, a quick ratio of 1.92 and a debt-to-equity ratio of 13.02.

Neo Performance Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 27th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.25%. The ex-dividend date was Tuesday, December 17th. Neo Performance Materials’s dividend payout ratio (DPR) is presently 444.44%.

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.