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

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$35.60 and last traded at C$35.50, with a volume of 104354 shares trading hands. The stock had previously closed at C$34.05.

Analyst Ratings Changes

Several research firms have recently weighed in on VNP. ATB Cormark Capital Markets cut their target price on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a report on Tuesday, February 3rd. Desjardins lifted their target price on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Canaccord Genuity Group lifted their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Ventum Financial lifted their target price on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, National Bank Financial boosted their price target on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, 5N Plus has a consensus rating of “Buy” and an average target price of C$34.58.

5N Plus Stock Performance

The company has a market cap of C$3.19 billion, a PE ratio of 63.34, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.85. The firm’s fifty day moving average is C$29.79 and its 200 day moving average is C$22.75. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 84.42.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 EPS for the quarter. The company had revenue of C$134.21 million during the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. As a group, research analysts predict that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal 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.