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

5N Plus Inc. (TSE:VNP) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$32.15 and last traded at C$31.90, with a volume of 195392 shares trading hands. The stock had previously closed at C$29.23.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Ventum Financial raised their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Desjardins raised their target price 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. Canaccord Genuity Group upped their price target on 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. National Bank Financial raised their price objective on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets dropped their target price on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, 5N Plus currently has an average rating of “Buy” and a consensus price target of C$34.08.

5N Plus Stock Up 7.1%

The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51. The business’s fifty day moving average price is C$26.55 and its two-hundred day moving average price is C$21.21. The stock has a market capitalization of C$2.96 billion, a PE ratio of 59.43, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.87.

5N Plus (TSE:VNP) last posted its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The business had revenue of C$134.21 million for the quarter. On average, equities research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal 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.