Raymond James Increases 5N Plus (TSE:VNP) Price Target to C$8.50

5N Plus (TSE:VNP) had its price target increased by Raymond James from C$7.50 to C$8.50 in a research note issued to investors on Friday, BayStreet.CA reports.

VNP has been the topic of a number of other research reports. Cormark upped their target price on shares of 5N Plus from C$5.50 to C$7.50 and gave the company a buy rating in a research report on Friday, June 7th. National Bankshares boosted their target price on 5N Plus from C$6.50 to C$8.00 and gave the stock an outperform rating in a research note on Monday, August 26th. Finally, Desjardins raised their price objective on shares of 5N Plus from C$6.75 to C$7.25 and gave the company a buy rating in a report on Wednesday, August 7th.

5N Plus Stock Performance

TSE:VNP opened at C$6.99 on Friday. The company has a market cap of C$621.55 million, a P/E ratio of 43.69, a P/E/G ratio of 6,283.33 and a beta of 1.57. The company’s 50-day moving average price is C$6.17 and its 200-day moving average price is C$5.50. 5N Plus has a twelve month low of C$2.99 and a twelve month high of C$7.03. The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, August 5th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$102.04 million for the quarter, compared to analysts’ expectations of C$91.45 million. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. On average, sell-side analysts forecast that 5N Plus will post 0.3715996 earnings per share for the current fiscal year.

Insider Transactions at 5N Plus

In other 5N Plus news, Director Luc Bertrand bought 5,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of C$6.01 per share, for a total transaction of C$30,045.00. Insiders own 4.91% of the company’s stock.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.