Ventum Capital Forecasts Strong Price Appreciation for 5N Plus (TSE:VNP) Stock

5N Plus (TSE:VNP) had its price target upped by stock analysts at Ventum Capital from C$44.00 to C$45.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm currently has a “buy” rating on the stock. Ventum Capital‘s price target indicates a potential upside of 39.62% from the stock’s previous close.

A number of other analysts have also commented on VNP. National Bank Financial reduced their price objective on shares of 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. 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 report on Tuesday, July 21st. Raymond James Financial upgraded shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price target on the stock in a report on Wednesday, August 5th. Desjardins reduced their price target on shares of 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, Scotia lowered their price objective on shares of 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$45.75.

5N Plus Price Performance

Shares of TSE VNP traded down C$0.39 during mid-day trading on Wednesday, reaching C$32.23. The company had a trading volume of 710,712 shares, compared to its average volume of 623,465. The company has a current ratio of 2.28, a quick ratio of 1.51 and a debt-to-equity ratio of 45.47. The stock has a market cap of C$2.90 billion, a PE ratio of 46.71, a P/E/G ratio of 6,283.33 and a beta of 0.59. The company has a 50-day moving average price of C$27.98 and a two-hundred day moving average price of C$31.97. 5N Plus has a 1-year low of C$17.20 and a 1-year high of C$49.97.

5N Plus (TSE:VNP) last announced its earnings results on Monday, November 2nd. The company reported C$0.28 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%. The company had revenue of C$194.16 million for the quarter. On average, equities analysts anticipate that 5N Plus will post 0.37 earnings per share for the current year.

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.