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flag Neo Performance Materials shares jumped 7.7% to C$22.99 on Friday after BMO raised its price target to C$30.00.

flag Neo Performance Materials (TSE:NEO) shares rose to C$22.99 on Friday, up 7.7%, following a C$30.00 price target from BMO Capital Markets, which maintains an "outperform" rating and forecasts 30.5% upside. flag The company, a global supplier of rare earth and rare metal-based materials, reported C$0.20 earnings per share on C$122.21 million in revenue for its latest quarter, though it posted negative return on equity and net margin. flag Analysts expect full-year earnings of C$0.675 per share. flag The stock has a market cap of C$956.36 million, a 50-day moving average of C$18.40, and a 200-day moving average of C$18.16.

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