5N Plus (TSE:VNP) Reaches New 52-Week High – What’s Next?

5N Plus Inc. (TSE:VNP) shares reached a new 52-week high on Tuesday . The company traded as high as C$42.50 and last traded at C$40.30, with a volume of 81729 shares trading hands. The stock had previously closed at C$40.03.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on VNP shares. Desjardins raised their price objective on shares of 5N Plus from C$35.50 to C$43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. National Bank Financial raised their price objective on shares of 5N Plus from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Ventum Financial raised their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Raymond James Financial raised their price objective on shares of 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$40.50.

5N Plus Price Performance

The company’s fifty day moving average price is C$33.30 and its 200 day moving average price is C$25.80. 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 firm has a market capitalization of C$3.80 billion, a price-to-earnings ratio of 65.05, 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 results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The business had revenue of C$163.91 million during the quarter. Equities 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.