Neo Performance Materials Inc. to Issue Quarterly Dividend of $0.10 (TSE:NEO)

Neo Performance Materials Inc. (TSE:NEO) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Monday, September 28th will be given a dividend of 0.10 per share on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 18th.

Neo Performance Materials Trading Down 1.9%

Shares of NEO opened at C$29.17 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.92 and a debt-to-equity ratio of 34.03. The stock has a market cap of C$1.35 billion, a PE ratio of 2,917.00 and a beta of 1.46. Neo Performance Materials has a 1 year low of C$15.31 and a 1 year high of C$47.19. The stock has a 50 day simple moving average of C$35.76 and a 200-day simple moving average of C$31.05.

Neo Performance Materials (TSE:NEO) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.73 earnings per share for the quarter. The firm had revenue of C$292.32 million for the quarter. Neo Performance Materials had a return on equity of 0.21% and a net margin of 0.15%. On average, sell-side analysts predict that Neo Performance Materials will post 0.6753356 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NEO. Stifel Nicolaus increased their target price on shares of Neo Performance Materials from C$49.00 to C$55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. BMO Capital Markets raised their price objective on shares of Neo Performance Materials from C$43.00 to C$60.00 in a report on Monday, July 13th. Finally, ATB Cormark Capital Markets lifted their target price on shares of Neo Performance Materials from C$43.00 to C$53.50 and gave the company an “outperform” rating in a research note on Friday, July 10th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$56.17.

About Neo Performance Materials

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo’s advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo’s products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals.