RBC Capital Reaffirms Their Buy Rating on Neo Performance Materials Inc (NEO)

By Ryan Adsit

Wall Street analyst has provided a review on October 30, and retained the same rating on the stock. Neo Performance Materials Inc (TSX: NEO) received a Buy on October 30 from RBC Capital’s analyst Steve Arthur, with a C$24 price target.

Arthur has an average return of 2.4% when recommending Neo Performance Materials Inc.

According to TipRanks.com, Arthur is ranked #531 out of 4908 analysts.

Neo Performance Materials Inc has an analyst consensus of Strong Buy, with a price target consensus of C$23.50.

Neo Performance Materials Inc’s market cap is currently C$719.2M and has a P/E ratio of 15.8. The company has a Price to Book ratio of 1.26.

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 Thursday at C$18.04, close to its 52-week high of C$18.65.