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

5N Plus Inc. (TSE:VNP)’s share price reached a new 52-week high during 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. The stock had previously closed at C$29.28.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Raymond James Financial upped their target price on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Canaccord Genuity Group boosted their price target on 5N Plus from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Ventum Financial increased their price objective on shares of 5N Plus from C$26.00 to C$30.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. National Bank Financial raised their target price on shares of 5N Plus from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets dropped their target price on shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, 5N Plus presently has an average rating of “Buy” and an average target price of C$31.25.

5N Plus Price Performance

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

5N Plus (TSE:VNP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$134.21 million during the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. Research 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.