5N Plus (TSE:VNP) Reaches New 12-Month High – What’s Next?

5N Plus Inc. (TSE:VNP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$42.50 and last traded at C$40.30, with a volume of 81729 shares traded. The stock had previously closed at C$40.03.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VNP shares. Ventum Financial raised their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial raised their price target on shares of 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Desjardins raised their price target on shares of 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. 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 research report on Friday, May 8th. Finally, 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 research 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. Based on data from MarketBeat, 5N Plus presently has an average rating of “Buy” and an average price target of C$40.50.

5N Plus Stock Up 3.7%

The company has a quick ratio of 1.51, a current ratio of 2.69 and a debt-to-equity ratio of 68.96. The business has a fifty day simple moving average of C$33.87 and a two-hundred day simple moving average of C$26.12. The company has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 66.60, a P/E/G ratio of 6,283.33 and a beta of 0.98.

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

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.