5N Plus (TSE:VNP) Sets New 1-Year High Following Analyst Upgrade

5N Plus Inc. (TSE:VNPGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday after ATB Cormark Capital Markets raised their price target on the stock from C$45.00 to C$56.50. ATB Cormark Capital Markets currently has a top pick rating on the stock. 5N Plus traded as high as C$45.80 and last traded at C$45.80, with a volume of 52792 shares changing hands. The stock had previously closed at C$43.08.

VNP has been the topic of a number of other reports. Raymond James Financial boosted their price target on 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. Canaccord Genuity Group boosted 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 note on Thursday, February 26th. National Bank Financial boosted their target price on shares of 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. Ventum Financial upped their price objective on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Desjardins upped their target price on shares of 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$42.42.

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5N Plus Trading Up 5.2%

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 stock has a market cap of C$4.29 billion, a P/E ratio of 73.31, a P/E/G ratio of 6,283.33 and a beta of 0.98. The stock’s fifty day moving average is C$35.16 and its 200 day moving average is C$26.82.

5N Plus (TSE:VNPGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The company had revenue of C$163.91 million for the quarter. As a group, equities research analysts predict that 5N Plus Inc. will post 0.3739703 earnings per share for the current fiscal year.

About 5N Plus

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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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