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Neo Performance Materials shares jumped 7.7% to C$22.99 on Friday after BMO raised its price target to C$30.00.
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.
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.
Analysts expect full-year earnings of C$0.675 per share.
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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Las acciones de Neo Performance Materials saltaron un 7,7% a 22,99 dólares canadienses el viernes después de que BMO elevara su precio objetivo a 30,00 dólares canadienses.