5N Plus (TSE:VNP) Announces Earnings Results

5N Plus (TSE:VNP) released its quarterly earnings results on Monday. The company reported C$0.31 earnings per share for the quarter, FiscalAI reports. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The firm had revenue of C$173.84 million during the quarter.

5N Plus Price Performance

Shares of TSE:VNP opened at C$32.58 on Tuesday. The company has a 50 day moving average of C$39.21 and a 200-day moving average of C$33.70. 5N Plus has a one year low of C$12.19 and a one year high of C$49.97. The stock has a market cap of C$2.93 billion, a price-to-earnings ratio of 50.12, a P/E/G ratio of 6,283.33 and a beta of 0.99. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51.

Wall Street Analysts Forecast Growth

VNP has been the topic of several research analyst reports. Desjardins increased their target price on 5N Plus from C$43.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. National Bank Financial upped their price target on shares of 5N Plus from C$41.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Canaccord Genuity Group set a C$48.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a report on Tuesday, July 14th. Scotiabank set a C$48.00 price objective on shares of 5N Plus and gave the stock a “sector outperform” rating in a report on Monday, June 22nd. Finally, Ventum Financial set a C$44.00 price objective on shares of 5N Plus and gave the company a “buy” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$47.81.

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.