5N Plus (TSE:VNP) Reaches New 1-Year High – Here’s What Happened

Shares of 5N Plus Inc. (TSE:VNP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$39.80 and last traded at C$39.15, with a volume of 536263 shares trading hands. The stock had previously closed at C$38.54.

Analyst Upgrades and Downgrades

VNP has been the subject of several analyst reports. ATB Cormark Capital Markets boosted their price objective on 5N Plus from C$37.50 to C$45.00 and gave the company a “top pick” rating in a report on Friday, May 8th. National Bank Financial boosted their price objective on 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Desjardins boosted their price objective on 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a report on Friday, May 8th. 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. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$40.50.

5N Plus Trading Up 1.6%

The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The company has a 50 day moving average of C$32.50 and a two-hundred day moving average of C$25.20. The stock has a market cap of C$3.52 billion, a PE ratio of 60.23, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The company had revenue of C$163.91 million during the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%. Sell-side analysts anticipate that 5N Plus Inc. will post 0.3739703 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.