Neo Performance Materials (NOPMF) Upgraded to Outperform by CIBC

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 Tuesday. CIBC currently has $15.00 price objective on the stock, down from their previous price objective of $18.00.

OTCMKTS NOPMF opened at $9.00 on Tuesday. Neo Performance Materials has a twelve month low of $7.46 and a twelve month high of $14.00.

Neo Performance Materials Company Profile

Neo Performance Materials Inc, through its subsidiaries, manufactures rare earth- and rare metal-based functional materials in Canada and internationally. It operates through three segments: Magnequench, Chemicals & Oxides (C&O), 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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