5N Plus (TSE:VNP) Issues Earnings Results

5N Plus (TSE:VNP) announced its quarterly earnings data on Wednesday. The company reported C$0.28 earnings per share (EPS) for the quarter, FiscalAI reports. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The business had revenue of C$163.91 million during the quarter.

5N Plus Stock Up 3.4%

VNP stock opened at C$37.29 on Friday. The stock has a market capitalization of C$3.35 billion, a P/E ratio of 66.59, a P/E/G ratio of 6,283.33 and a beta of 0.98. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. 5N Plus has a 1-year low of C$6.96 and a 1-year high of C$39.70. The business has a fifty day moving average price of C$32.00 and a 200-day moving average price of C$24.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VNP. ATB Cormark Capital Markets reduced their price target on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a report on Tuesday, February 3rd. Raymond James Financial upped their price target on shares of 5N Plus from C$35.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 1st. National Bank Financial increased their price objective on shares of 5N Plus from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research report on Tuesday, April 21st. Desjardins raised their price objective on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Canaccord Genuity Group lifted their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$35.42.

5N Plus Company Profile

5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.