5N Plus (TSE:VNP) Hits New 12-Month High – Should You Buy?

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$29.34 and last traded at C$27.48, with a volume of 559677 shares traded. The stock had previously closed at C$27.69.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VNP. Raymond James Financial raised their target price on shares of 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Ventum Financial upped their target price on shares of 5N Plus from C$26.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. National Bankshares increased their target price on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Desjardins raised their price target on 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Canaccord Genuity Group upped their price objective on 5N Plus from C$26.00 to C$31.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$31.25.

5N Plus Stock Down 0.8%

The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51. The stock has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 56.08, a PEG ratio of 6,283.33 and a beta of 1.19. The firm’s fifty day moving average is C$20.06 and its 200-day moving average is C$18.02.

5N Plus (TSE:VNP) last issued its earnings results on Monday, November 3rd. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$146.06 million for the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. On average, sell-side analysts predict that 5N Plus Inc. will post 0.3739703 earnings per share 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.