5N Plus (TSE:VNP) Sets New 52-Week High – Still a Buy?

Shares of 5N Plus Inc. (TSE:VNP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$18.58 and last traded at C$17.79, with a volume of 425342 shares trading hands. The stock had previously closed at C$17.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. National Bank Financial raised shares of 5N Plus to a “strong-buy” rating in a research note on Thursday, June 12th. Ventum Financial lifted their target price on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Desjardins boosted their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Cormark raised shares of 5N Plus from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, September 25th. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, 5N Plus presently has an average rating of “Strong Buy” and a consensus price target of C$12.83.

5N Plus Trading Up 1.2%

The stock’s 50 day moving average price is C$15.20 and its 200-day moving average price is C$10.49. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The stock has a market capitalization of C$1.58 billion, a PE ratio of 49.42, a PEG ratio of 6,283.33 and a beta of 1.46.

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.