Stifel Nicolaus Forecasts Strong Price Appreciation for Neo Performance Materials (TSE:NEO) Stock

Neo Performance Materials (TSE:NEO) had its target price raised by analysts at Stifel Nicolaus from C$16.50 to C$17.50 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 58.80% from the stock’s current price.

Neo Performance Materials Stock Performance

Shares of NEO opened at C$11.02 on Monday. The business’s 50 day moving average is C$9.51 and its two-hundred day moving average is C$8.63. Neo Performance Materials has a 52-week low of C$6.14 and a 52-week high of C$12.07. The firm has a market cap of C$322.52 million, a price-to-earnings ratio of -144.73 and a beta of 1.38. The company has a quick ratio of 1.92, a current ratio of 2.59 and a debt-to-equity ratio of 10.65.

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.