5N Plus (TSE:VNP) Reaches New 12-Month High – Should You Buy?

5N Plus Inc. (TSE:VNP) shares reached a new 52-week high on Monday . The stock traded as high as C$45.80 and last traded at C$45.80, with a volume of 52792 shares traded. The stock had previously closed at C$43.08.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. National Bank Financial lifted their price target on shares of 5N Plus from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets lifted their target price on 5N Plus from C$37.50 to C$45.00 and gave the company a “top pick” rating in a research report on Friday, May 8th. Desjardins boosted their price target 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 upped their price target on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Raymond James Financial raised their price objective on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, 5N Plus currently has a consensus rating of “Buy” and a consensus target price of C$40.50.

5N Plus Trading Up 1.9%

The stock’s 50 day moving average price is C$34.46 and its 200-day moving average price is C$26.45. The company has a quick ratio of 1.51, a current ratio of 2.69 and a debt-to-equity ratio of 68.96. The stock has a market capitalization of C$4.10 billion, a PE ratio of 70.14, a PEG ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP) last released its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. The company had revenue of C$163.91 million for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. On average, sell-side analysts expect that 5N Plus Inc. will post 0.3739703 earnings per share 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.