Canaccord Genuity Reiterates a Buy Rating on Neo Performance Materials Inc

By Jason Carr

In a new note to investors today, an analyst has provided a rating update for the NA sector company, Neo Performance Materials Inc (TSX: NEO). Analyst Yuri Lynk from Canaccord Genuity rated Neo Performance Materials Inc (TSX: NEO) a Buy, setting a C$24 price target.

Lynk has an average return of 2.2% when recommending Neo Performance Materials Inc.

According to TipRanks.com, Lynk is ranked #479 out of 4783 analysts.

Neo Performance Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of C$23.67.

The company has a one-year high of C$18.60 and a one-year low of C$13.87. Currently, Neo Performance Materials Inc has an average volume of 17.47K.

Neo Performance Materials, Inc. manufactures rare earth and rare metalbased functional materials. The company operates through the following business segments: Magnequench, Chemicals & Oxides, and Rare Metals. The Company was founded on September 12, 2017 and is headquartered in Toronto, Canada.

The company’s shares closed on Friday at C$17.42.