Ventum Financial Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its target price boosted by stock analysts at Ventum Financial from C$30.00 to C$35.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective indicates a potential upside of 14.49% from the company’s current price.

Other analysts also recently issued research reports about the stock. ATB Cormark Capital Markets lowered their price target on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a report on Tuesday, February 3rd. Canaccord Genuity Group increased their target price on shares of 5N Plus from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Desjardins boosted their price target on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. National Bank Financial upped their price objective on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Raymond James Financial lifted their target price on shares of 5N Plus from C$24.00 to C$26.00 in a report on Wednesday, November 5th. Two 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.com, the company currently has an average rating of “Buy” and an average target price of C$34.08.

5N Plus Stock Performance

Shares of TSE:VNP traded up C$0.64 during trading on Thursday, hitting C$30.57. 378,745 shares of the stock traded hands, compared to its average volume of 517,717. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The company has a fifty day moving average price of C$22.27 and a two-hundred day moving average price of C$19.21. 5N Plus has a 52-week low of C$4.90 and a 52-week high of C$31.35. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of 62.39, a P/E/G ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$134.21 million during the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. As a group, equities analysts predict that 5N Plus will post 0.3739703 EPS 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.