5N Plus (TSE:VNP) Stock Price Up 18.5% – Here’s What Happened

Shares of 5N Plus Inc. (TSE:VNP) were up 18.5% on Tuesday. The stock traded as high as C$31.17 and last traded at C$31.00. Approximately 537,187 shares changed hands during trading, a decline of 13% from the average session volume of 619,157 shares. The stock had previously closed at C$26.15.

5N Plus News Roundup

Here are the key news stories impacting 5N Plus this week:

• Positive Sentiment: Several analysts lifted their targets and maintained positive ratings: Desjardins raised its target to C$46 with a “buy” rating, Ventum Capital to C$45 with a “buy” rating, and Scotia to C$39 with a “sector outperform” rating. A separate report also says an analyst raised a target, adding to the favorable analyst tone. 5N Plus: this analyst just hiked his price target Desjardins rating Ventum Capital rating Scotia rating
• Negative Sentiment: The Q3 results were described as showing a profit squeeze behind revenue growth. That raises concern that higher sales may not be translating into stronger earnings, tempering the positive analyst outlook. 5N Plus Q3 results flag profit squeeze behind revenue growth

Analyst Ratings Changes

A number of analysts recently commented on the stock. Raymond James Financial upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 target price on the stock in a report on Wednesday, August 5th. National Bank Financial decreased their price target on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Royal Bank Of Canada set a C$41.00 price target on 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. Ventum Financial set a C$44.00 price target on 5N Plus and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Ventum Capital increased their price objective on 5N Plus from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, 5N Plus presently has an average rating of “Buy” and an average target price of C$45.75.

5N Plus Stock Performance

The company has a current ratio of 2.29, a quick ratio of 1.51 and a debt-to-equity ratio of 42.90. The stock has a market capitalization of C$2.76 billion, a PE ratio of 48.65, a PEG ratio of 6,283.33 and a beta of 0.30. The firm’s 50-day simple moving average is C$28.19 and its two-hundred day simple moving average is C$32.08.

5N Plus (TSE:VNP) last announced its earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. The company had revenue of C$194.16 million for the quarter. 5N Plus had a net margin of 11.93% and a return on equity of 25.26%. On average, equities research analysts expect that 5N Plus Inc. will post 0.37 earnings per share for the current fiscal 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.