5N Plus (TSE:VNP) Sets New 52-Week High – Here’s What Happened

5N Plus Inc. (TSE:VNP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$39.80 and last traded at C$39.15, with a volume of 536263 shares trading hands. The stock had previously closed at C$38.54.

Analysts Set New Price Targets

VNP has been the subject of several research reports. Ventum Financial boosted their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Desjardins lifted their target price on shares of 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a report on Friday, May 8th. Canaccord Genuity Group lifted their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Raymond James Financial lifted their target price on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets lifted their target price on shares of 5N Plus from C$37.50 to C$45.00 and gave the company a “top pick” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, 5N Plus currently has an average rating of “Buy” and an average price target of C$40.50.

5N Plus Price Performance

The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The firm has a market cap of C$3.63 billion, a price-to-earnings ratio of 62.08, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company’s fifty day moving average is C$32.88 and its two-hundred day moving average is C$25.50.

5N Plus (TSE:VNP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The firm had revenue of C$163.91 million for the quarter. Equities research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current year.

About 5N Plus

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.