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

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

Analysts Set New Price Targets

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

Neo Performance Materials Stock Down 0.3 %

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

Neo Performance Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 27th were issued a $0.10 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.25%. Neo Performance Materials’s dividend payout ratio (DPR) is 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.