5N Plus (TSE:VNP) Hits New 52-Week High – Here’s What Happened

Shares of 5N Plus Inc. (TSE:VNP) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$39.70 and last traded at C$37.92, with a volume of 122996 shares traded. The stock had previously closed at C$36.05.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VNP shares. ATB Cormark Capital Markets cut their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research report on Tuesday, February 3rd. National Bank Financial lifted their price target on 5N Plus from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Canaccord Genuity Group lifted their price target on 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. Desjardins lifted their price target 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. Finally, Ventum Financial lifted their price target on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$35.42.

5N Plus Stock Up 4.2%

The company has a debt-to-equity ratio of 84.42, a quick ratio of 1.51 and a current ratio of 2.76. The firm has a fifty day simple moving average of C$31.84 and a 200-day simple moving average of C$24.64. The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of 67.07, a P/E/G ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP) last posted its earnings results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The company had revenue of C$163.91 million for the quarter. As a group, sell-side analysts expect that 5N Plus Inc. will post 0.3739703 EPS for the current 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.