5N Plus (TSE:VNP) Sets New 52-Week High – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$23.21 and last traded at C$23.21, with a volume of 1370049 shares changing hands. The stock had previously closed at C$19.53.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Ventum Financial boosted their target price on shares of 5N Plus from C$19.00 to C$21.50 in a research report on Wednesday, October 29th. Desjardins increased their target price on 5N Plus from C$17.50 to C$23.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Canaccord Genuity Group set a C$26.00 target price on 5N Plus and gave the company a “buy” rating in a report on Thursday, January 8th. Raymond James Financial lifted their price target on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Finally, National Bankshares increased their price objective on 5N Plus from C$17.00 to C$21.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$23.50.

5N Plus Price Performance

The stock has a market cap of C$2.07 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89. 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 company’s fifty day simple moving average is C$19.00 and its 200-day simple moving average is C$17.12.

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