Neo Performance Materials (OTCMKTS:NOPMF) Price Target Lowered to C$18.00 at Canaccord Genuity Group

Neo Performance Materials (OTCMKTS:NOPMFGet Rating) had its target price trimmed by Canaccord Genuity Group from C$24.00 to C$18.00 in a report published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Raymond James cut their price target on shares of Neo Performance Materials to C$23.00 in a report on Monday. Stifel Nicolaus cut their price target on shares of Neo Performance Materials from C$19.75 to C$17.00 in a report on Monday. Finally, Scotiabank cut their price target on shares of Neo Performance Materials from C$22.00 to C$21.00 in a report on Monday, August 29th.

Neo Performance Materials Stock Down 4.4 %

NOPMF opened at $8.97 on Tuesday. The firm’s fifty day moving average price is $10.43 and its 200 day moving average price is $10.65. Neo Performance Materials has a 12-month low of $8.09 and a 12-month high of $17.84.

Neo Performance Materials Company Profile

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Neo Performance Materials Inc manufactures and sells rare earth, magnetic powders, magnets, 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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