Raymond James Upgrades Neo Performance Materials (OTCMKTS:NOPMF) to Outperform


Share on StockTwits

Neo Performance Materials (OTCMKTS:NOPMF) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Thursday, The Fly reports.

NOPMF has been the subject of a number of other reports. Scotiabank lifted their price objective on Neo Performance Materials from $14.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, November 17th. Canaccord Genuity boosted their target price on Neo Performance Materials from $11.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, November 17th. Royal Bank of Canada boosted their target price on Neo Performance Materials from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 22nd. Finally, CIBC raised Neo Performance Materials from a “neutral” rating to an “outperform” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.75.

Shares of OTCMKTS NOPMF opened at $12.55 on Thursday. Neo Performance Materials has a twelve month low of $3.00 and a twelve month high of $12.55. The stock has a fifty day simple moving average of $10.46 and a 200-day simple moving average of $8.59.

Neo Performance Materials Company Profile

Neo Performance Materials Inc manufactures and sells rare earth and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets.

See Also: What strategies should day traders use to execute a trade?

The Fly

Analyst Recommendations for Neo Performance Materials (OTCMKTS:NOPMF)

Receive News & Ratings for Neo Performance Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neo Performance Materials and related companies with MarketBeat.com's FREE daily email newsletter.