5N Plus Inc. Expected to Earn FY2024 Earnings of $0.23 Per Share (TSE:VNP)

5N Plus Inc. (TSE:VNP) – Equities researchers at National Bank Financial reduced their FY2024 earnings estimates for 5N Plus in a research report issued on Monday, May 6th. National Bank Financial analyst R. Merer now expects that the company will post earnings of $0.23 per share for the year, down from their prior estimate of $0.27. The consensus estimate for 5N Plus’ current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for 5N Plus’ Q4 2024 earnings at $0.07 EPS.

A number of other equities research analysts have also recently issued reports on VNP. National Bankshares lifted their price target on shares of 5N Plus from C$0.60 to C$0.65 and gave the company an “outperform” rating in a research note on Tuesday. Cormark boosted their target price on shares of 5N Plus from C$5.75 to C$6.50 in a research note on Wednesday. Finally, Raymond James raised their price target on shares of 5N Plus from C$6.00 to C$7.00 in a research note on Wednesday.

5N Plus Stock Down 1.4 %

5N Plus stock opened at C$5.08 on Wednesday. 5N Plus has a 12 month low of C$2.86 and a 12 month high of C$5.25. The stock has a market capitalization of C$451.05 million, a PE ratio of 22.09, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.64. The company has a debt-to-equity ratio of 107.81, a current ratio of 2.22 and a quick ratio of 1.51. The business has a 50 day simple moving average of C$4.73 and a 200-day simple moving average of C$4.02.

5N Plus (TSE:VNP) last released its quarterly earnings results on Tuesday, February 27th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The business had revenue of C$88.59 million during the quarter, compared to analyst estimates of C$84.15 million. 5N Plus had a return on equity of 12.76% and a net margin of 6.35%.

Insider Buying and Selling at 5N Plus

In other 5N Plus news, Director Jean-Marie Bourassa bought 60,100 shares of 5N Plus stock in a transaction dated Friday, March 1st. The stock was acquired at an average cost of C$4.52 per share, for a total transaction of C$271,561.85. In the last 90 days, insiders have bought 69,100 shares of company stock worth $312,032. Corporate insiders own 4.79% of the company’s stock.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.