Neo Performance Materials (TSE:NEO) Director Rahim Suleman Purchases 2,800 Shares of Stock

Neo Performance Materials Inc. (TSE:NEO) Director Rahim Suleman bought 2,800 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of C$36.38 per share, for a total transaction of C$101,864.00. Following the acquisition, the director directly owned 481,997 shares in the company, valued at C$17,535,050.86. This trade represents a 0.58% increase in their ownership of the stock.

Neo Performance Materials Price Performance

TSE NEO opened at C$36.74 on Tuesday. The company has a debt-to-equity ratio of 34.03, a current ratio of 2.06 and a quick ratio of 1.92. The firm has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 3,674.00 and a beta of 1.44. The company has a 50 day simple moving average of C$36.93 and a 200-day simple moving average of C$29.43. Neo Performance Materials Inc. has a 52-week low of C$15.31 and a 52-week high of C$47.19.

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

Neo Performance Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 29th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, June 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. Neo Performance Materials’s dividend payout ratio is 2,870.19%.

Analysts Set New Price Targets

A number of research analysts have commented on NEO shares. Stifel Nicolaus boosted their target price on Neo Performance Materials from C$49.00 to C$55.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. BMO Capital Markets lifted their price target on Neo Performance Materials from C$43.00 to C$60.00 in a report on Monday, July 13th. Finally, ATB Cormark Capital Markets boosted their price target on 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. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Neo Performance Materials presently has an average rating of “Buy” and a consensus 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.