5N Plus Inc. (TSE:VNP – Get Free Report) was down 6.2% during trading on Friday . The stock traded as low as C$42.31 and last traded at C$42.47. Approximately 229,337 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 493,127 shares. The stock had previously closed at C$45.27.
Analyst Upgrades and Downgrades
Several research analysts recently commented on VNP shares. Raymond James Financial increased their price objective on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group increased their price objective on 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets increased their price objective on 5N Plus from C$45.00 to C$56.50 and gave the company a “top pick” rating in a research note on Monday. Desjardins increased their price objective on 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, National Bank Financial increased their price objective on 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$42.42.
Read Our Latest Research Report on VNP
5N Plus Stock Down 8.7%
5N Plus (TSE:VNP – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. 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. On average, 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.
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