5N Plus (TSE:VNP) Reaches New 52-Week High – Should You Buy?

5N Plus Inc. (TSE:VNP) 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.

Analysts Set New Price Targets

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

5N Plus Stock Performance

The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89. The company has a 50 day simple moving average of C$19.20 and a 200-day simple moving average of C$17.26. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29.

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