Neo Performance Materials (TSE:NEO) Sets New 1-Year High – Still a Buy?

Neo Performance Materials Inc. (TSE:NEOGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$22.13 and last traded at C$21.66, with a volume of 79017 shares traded. The stock had previously closed at C$20.32.

Analyst Ratings Changes

A number of brokerages have recently commented on NEO. Stifel Nicolaus boosted their price objective on Neo Performance Materials from C$17.50 to C$22.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Cormark raised Neo Performance Materials to a “moderate buy” rating in a research report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Neo Performance Materials currently has an average rating of “Buy” and a consensus price target of C$22.00.

Check Out Our Latest Report on Neo Performance Materials

Neo Performance Materials Price Performance

The stock has a fifty day moving average of C$17.54 and a 200-day moving average of C$13.63. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65. The stock has a market capitalization of C$925.99 million, a price-to-earnings ratio of -89.04 and a beta of 1.16.

Neo Performance Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 16th. Neo Performance Materials’s dividend payout ratio is -114.66%.

Neo Performance Materials Company Profile

(Get Free Report)

Neo Performance Materials Inc is engaged in the innovation, development, processing, and manufacturing of rare earth and rare metal-based functional materials. Its operating segments include Magnequench, Chemicals & Oxides, Rare Metals, and Corporate. The Magnequench segment produces magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron magnets.

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