5N Plus (TSE:VNP) Releases Earnings Results

5N Plus (TSE:VNP) announced its quarterly earnings data on Wednesday. The company reported C$0.28 earnings per share (EPS) for the quarter, FiscalAI reports. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. The firm had revenue of C$163.91 million during the quarter.

5N Plus Trading Up 2.4%

TSE VNP opened at C$36.05 on Thursday. The firm’s 50-day moving average is C$31.84 and its two-hundred day moving average is C$24.64. 5N Plus has a 12 month low of C$6.60 and a 12 month high of C$36.40. The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a market capitalization of C$3.24 billion, a P/E ratio of 64.38, a PEG ratio of 6,283.33 and a beta of 0.98.

Wall Street Analyst Weigh In

VNP has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets dropped their price objective on shares of 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. Ventum Financial upped their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Desjardins upped their price objective on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Raymond James Financial upped their price objective on shares of 5N Plus from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, 5N Plus presently has an average rating of “Buy” and an average price target of C$35.42.

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.