5N Plus (TSE:VNP) Price Target Raised to C$35.00 at Raymond James Financial

5N Plus (TSE:VNP) had its target price increased by Raymond James Financial from C$29.00 to C$35.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 14.49% from the company’s current price.

A number of other brokerages have also weighed in on VNP. Desjardins boosted their price target on 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. ATB Cormark Capital Markets lowered their price target on 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research note on Tuesday, February 3rd. National Bank Financial lifted their price objective on 5N Plus from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 4th. Canaccord Genuity Group upped their price objective 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. Finally, Ventum Financial lifted their price target on shares of 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$34.08.

5N Plus Stock Up 2.1%

Shares of VNP stock traded up C$0.64 during mid-day trading on Thursday, hitting C$30.57. The stock had a trading volume of 378,745 shares, compared to its average volume of 517,717. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51. 5N Plus has a 12-month low of C$4.90 and a 12-month high of C$31.35. The firm’s 50-day moving average is C$22.27 and its two-hundred day moving average is C$19.21. The firm has a market capitalization of C$2.72 billion, a P/E ratio of 62.39, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.19.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$134.21 million during the quarter. 5N Plus had a net margin of 5.63% and a return on equity of 11.86%. On average, analysts predict that 5N Plus will post 0.3739703 earnings per share 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.