Raymond James Lowers 5N Plus (TSE:VNP) Price Target to C$3.00

5N Plus (TSE:VNPGet Rating) had its price target cut by Raymond James from C$4.00 to C$3.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for 5N Plus’ FY2023 earnings at $0.09 EPS.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares downgraded shares of 5N Plus from an outperform rating to a sector perform rating and dropped their price target for the company from C$4.25 to C$2.50 in a research report on Thursday. Desjardins reiterated a buy rating on shares of 5N Plus in a research report on Wednesday, February 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, 5N Plus presently has a consensus rating of Buy and an average price target of C$3.95.

Shares of TSE:VNP traded down C$0.08 during trading on Friday, reaching C$1.22. 544,855 shares of the stock were exchanged, compared to its average volume of 110,759. 5N Plus has a 12 month low of C$1.19 and a 12 month high of C$4.20. The firm has a market cap of C$107.76 million and a PE ratio of 25.42. The stock has a 50-day moving average price of C$2.16 and a 200-day moving average price of C$2.33. The company has a current ratio of 3.01, a quick ratio of 1.28 and a debt-to-equity ratio of 109.18.

5N Plus (TSE:VNPGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The company reported C$0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.02. The firm had revenue of C$81.39 million for the quarter, compared to the consensus estimate of C$72.07 million. On average, sell-side analysts expect that 5N Plus will post 0.18 earnings per share for the current fiscal year.

About 5N Plus (Get Rating)

5N Plus Inc produces and sells semiconductors in North America, Europe, and Asia. It operates through Specialty Semiconductors and Performance Material segments. The company offers low melting point alloys, semiconductor compounds and wafers, as well as various chemicals, and metals. It is also involved in manufacture of metallic powders for micro-electronic and manufacturing applications.

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Analyst Recommendations for 5N Plus (TSE:VNP)

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