5N Plus (TSE:VNP) Hits New 12-Month High – Still a Buy?

5N Plus Inc. (TSE:VNP)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$31.48 and last traded at C$31.06, with a volume of 348948 shares traded. The stock had previously closed at C$30.89.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VNP shares. Desjardins raised their target price on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. ATB Cormark Capital Markets dropped their price objective on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a report on Tuesday, February 3rd. Raymond James Financial boosted their price objective on 5N Plus from C$29.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Ventum Financial upped their target price on 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, National Bank Financial lifted their price target on shares of 5N Plus from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$34.08.

5N Plus Trading Up 0.6%

The company has a 50 day simple moving average of C$23.26 and a 200 day simple moving average of C$19.67. The company has a market capitalization of C$2.77 billion, a PE ratio of 55.46, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.19. The company has a debt-to-equity ratio of 84.42, a quick ratio of 1.51 and a current ratio of 2.76.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The firm had revenue of C$134.21 million for the quarter. Analysts anticipate that 5N Plus Inc. will post 0.3739703 earnings per share for the current 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.