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

5N Plus Inc. (TSE:VNP)’s stock price 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 traded. The stock had previously closed at C$40.03.

Analyst Upgrades and Downgrades

VNP has been the topic of a number of recent analyst reports. ATB Cormark Capital Markets increased their price target on shares of 5N Plus from C$37.50 to C$45.00 and gave the stock a “top pick” rating in a research note on Friday, May 8th. Desjardins increased 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 research report on Friday, May 8th. Raymond James Financial increased 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 research report on Friday, May 8th. Ventum Financial increased 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 research report on Thursday, February 26th. Finally, Canaccord Genuity Group increased 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 research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$40.50.

5N Plus Stock Performance

The stock’s fifty day moving average is C$33.30 and its two-hundred day moving average is C$25.80. 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. The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69.

5N Plus (TSE:VNP) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. The business had revenue of C$163.91 million during the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. Analysts forecast 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.