Neo Performance Materials Inc. (NEO) To Go Ex-Dividend on June 19th

Neo Performance Materials Inc. (TSE:NEO) announced a quarterly dividend on Friday, June 19th, TickerTech Dividends reports. Investors of record on Monday, June 29th will be paid a dividend of 0.10 per share on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 19th.

Neo Performance Materials Stock Performance

Shares of TSE:NEO opened at C$33.43 on Wednesday. The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -139.29 and a beta of 1.45. The firm’s 50 day simple moving average is C$28.64 and its 200 day simple moving average is C$23.15. The company has a debt-to-equity ratio of 41.75, a current ratio of 1.76 and a quick ratio of 1.92. Neo Performance Materials has a fifty-two week low of C$11.91 and a fifty-two week high of C$35.76.

Neo Performance Materials (TSE:NEO) last announced its quarterly earnings results on Tuesday, May 12th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$215.44 million for the quarter. Neo Performance Materials had a negative net margin of 2.03% and a negative return on equity of 2.63%. As a group, sell-side analysts forecast that Neo Performance Materials will post 0.6753356 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Neo Performance Materials from C$30.00 to C$38.00 in a research report on Thursday, May 14th. Stifel Nicolaus increased their price target on shares of Neo Performance Materials from C$26.00 to C$38.00 in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Neo Performance Materials currently has a consensus rating of “Buy” and a consensus target price of C$38.00.

Neo Performance Materials Company Profile

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.