5N Plus (TSE:VNP) Reaches New 12-Month High – Here’s Why

5N Plus Inc. (TSE:VNP) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$30.50 and last traded at C$29.93, with a volume of 757063 shares changing hands. The stock had previously closed at C$29.28.

Analyst Ratings Changes

VNP has been the topic of a number of research reports. Canaccord Genuity Group boosted 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 lifted their price target on shares of 5N Plus from C$24.00 to C$26.00 in a report on Wednesday, November 5th. National Bank Financial boosted their price objective on shares of 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. ATB Cormark Capital Markets lowered their target price on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research report on Tuesday, February 3rd. Finally, Desjardins lifted their target price on 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$31.25.

5N Plus Stock Up 2.2%

The stock’s 50-day moving average price is C$22.27 and its 200-day moving average price is C$19.21. The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The stock has a market cap of C$2.67 billion, a price-to-earnings ratio of 61.08, a P/E/G ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last announced its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$134.21 million during the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. On average, sell-side analysts expect that 5N Plus Inc. will post 0.3739703 earnings per share for the current year.

About 5N Plus

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.