5N Plus (TSE:VNP) Reaches New 12-Month High – Should You Buy?

5N Plus Inc. (TSE:VNP) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$29.34 and last traded at C$27.48, with a volume of 559677 shares trading hands. The stock had previously closed at C$27.69.

Analyst Ratings Changes

VNP has been the topic of a number of research reports. Canaccord Genuity Group increased their target price on shares of 5N Plus from C$26.00 to C$31.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Raymond James Financial upped their price objective on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Desjardins increased their price objective on 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. National Bank Financial boosted their target price on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Ventum Financial upped their price target on 5N Plus from C$26.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$31.25.

5N Plus Trading Down 5.4%

The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51. The business’s 50 day moving average is C$20.37 and its 200 day moving average is C$18.19. The stock has a market cap of C$2.34 billion, a price-to-earnings ratio of 53.59, a P/E/G ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$146.06 million for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. As a group, equities analysts expect that 5N Plus Inc. will post 0.3739703 earnings per share 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.