5N Plus (TSE:VNP) Sets New 52-Week High – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$45.80 and last traded at C$45.80, with a volume of 52792 shares trading hands. The stock had previously closed at C$43.08.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Raymond James Financial increased their price objective on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Ventum Financial boosted their target price 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. National Bank Financial upped their target price on shares of 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group raised their price target 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. Finally, ATB Cormark Capital Markets boosted their price objective on shares of 5N Plus from C$37.50 to C$45.00 and gave the company a “top pick” rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$40.50.

5N Plus Stock Up 1.9%

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 company has a market cap of C$4.10 billion, a P/E ratio of 70.14, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company has a fifty day moving average of C$34.46 and a 200 day moving average of C$26.45.

5N Plus (TSE:VNP) last posted 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 return on equity of 30.00% and a net margin of 13.95%. On average, research analysts anticipate 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.