CIBC Upgrades Neo Performance Materials (OTCMKTS:NOPMF) to “Outperform”

CIBC upgraded shares of Neo Performance Materials (OTCMKTS:NOPMF) from a neutral rating to an outperform rating in a research report sent to investors on Monday morning, The Fly reports.

Other analysts also recently issued reports about the company. Royal Bank of Canada lifted their price target on Neo Performance Materials from $11.00 to $13.00 and gave the company a sector perform rating in a research note on Thursday, October 22nd. Scotiabank decreased their price target on Neo Performance Materials from $13.00 to $12.00 and set an outperform rating on the stock in a research note on Tuesday, August 11th. Finally, Canaccord Genuity lifted their price target on Neo Performance Materials from $10.00 to $11.00 and gave the company a buy rating in a research note on Tuesday, August 11th.

Shares of NOPMF stock opened at $8.69 on Monday. The business’s 50 day moving average is $8.38 and its two-hundred day moving average is $7.01. Neo Performance Materials has a twelve month low of $3.00 and a twelve month high of $12.00.

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.

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The Fly

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