5N Plus (TSE:VNP) Posts Earnings Results

5N Plus (TSE:VNP) posted its quarterly earnings data on Monday. The company reported C$0.28 EPS for the quarter, FiscalAI reports. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. The firm had revenue of C$194.16 million for the quarter.

5N Plus Trading Up 0.8%

TSE VNP traded up C$0.22 during trading hours on Monday, reaching C$26.15. The company’s stock had a trading volume of 607,388 shares, compared to its average volume of 619,806. The firm has a fifty day simple moving average of C$27.87 and a 200-day simple moving average of C$31.88. The stock has a market cap of C$2.35 billion, a P/E ratio of 37.90, a P/E/G ratio of 6,283.33 and a beta of 0.59. 5N Plus has a 52 week low of C$17.20 and a 52 week high of C$49.97. The company has a debt-to-equity ratio of 45.47, a current ratio of 2.28 and a quick ratio of 1.51.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group set a C$48.00 target price on 5N Plus and gave the company a “buy” rating in a report on Tuesday, July 14th. Ventum Financial set a C$44.00 target price on shares of 5N Plus and gave the company a “buy” rating in a research report on Monday, July 27th. Royal Bank Of Canada set a C$41.00 target price on shares of 5N Plus and gave the stock a “moderate buy” rating in a research note on Tuesday, July 21st. Scotia lowered their price target on shares of 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating for the company in a report on Wednesday, August 5th. Finally, National Bank Financial lowered their price target on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$45.28.

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.