5N Plus (TSE:VNP) Reaches New 12-Month High Following Analyst Upgrade

5N Plus Inc. (TSE:VNP) shares hit a new 52-week high during mid-day trading on Monday after ATB Cormark Capital Markets raised their price target on the stock from C$45.00 to C$56.50. ATB Cormark Capital Markets currently has a top pick rating on the stock. 5N Plus traded as high as C$45.80 and last traded at C$45.80, with a volume of 52792 shares changing hands. The stock had previously closed at C$43.08.

Several other research firms have also weighed in on VNP. Ventum Financial raised their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Canaccord Genuity Group raised their price objective on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. National Bank Financial raised their price objective on shares of 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Desjardins raised their price objective on shares of 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Raymond James Financial raised 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. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat, 5N Plus has an average rating of “Buy” and a consensus target price of C$42.42.

5N Plus Stock Up 5.2%

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 capitalization of C$4.29 billion, a PE ratio of 73.31, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The business’s 50 day simple moving average is C$35.16 and its 200 day simple moving average is C$26.82.

5N Plus (TSE:VNP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The company had revenue of C$163.91 million during the quarter. As a group, 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.