5N Plus (TSE:VNP) Reaches New 1-Year High – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$39.80 and last traded at C$39.15, with a volume of 536263 shares changing hands. The stock had previously closed at C$38.54.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VNP. ATB Cormark Capital Markets lifted their price target on 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. Ventum Financial lifted their price target on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, February 26th. National Bank Financial lifted their price target on 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Canaccord Genuity Group lifted their price target on 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, Raymond James Financial lifted their price target on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, 5N Plus presently has a consensus rating of “Buy” and an average price target of C$40.50.

5N Plus Price Performance

The company has a current ratio of 2.69, a quick ratio of 1.51 and a debt-to-equity ratio of 68.96. The stock has a market cap of C$3.52 billion, a price-to-earnings ratio of 60.23, a PEG ratio of 6,283.33 and a beta of 0.98. The stock has a 50-day moving average price of C$32.50 and a two-hundred day moving average price of C$25.20.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%.The company had revenue of C$163.91 million during the quarter. As a group, equities research analysts forecast that 5N Plus Inc. will post 0.3739703 EPS 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.