Neo Performance Materials (OTCMKTS:NOPMF) PT Lowered to C$15.00

Neo Performance Materials (OTCMKTS:NOPMFGet Rating) had its price objective dropped by Canaccord Genuity Group from C$18.00 to C$15.00 in a note issued to investors on Monday, The Fly reports.

NOPMF has been the topic of several other research reports. Raymond James cut their price target on Neo Performance Materials from C$23.00 to C$17.00 in a research note on Monday. Scotiabank dropped their price objective on Neo Performance Materials from C$21.00 to C$16.00 in a research report on Monday. Finally, Stifel Nicolaus dropped their price objective on Neo Performance Materials from C$17.00 to C$15.00 in a research report on Monday.

Neo Performance Materials Stock Performance

Shares of Neo Performance Materials stock opened at $6.69 on Monday. Neo Performance Materials has a 12 month low of $6.56 and a 12 month high of $17.84. The stock’s fifty day moving average price is $8.06 and its 200-day moving average price is $9.41.

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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