5N Plus (TSE:VNP) Announces Quarterly Earnings Results

5N Plus (TSE:VNP) issued its quarterly earnings results on Monday. The company reported C$0.31 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$173.84 million for the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%.

5N Plus Stock Performance

Shares of 5N Plus stock opened at C$29.79 on Wednesday. The firm’s fifty day simple moving average is C$38.85 and its 200-day simple moving average is C$33.76. 5N Plus has a 12 month low of C$14.18 and a 12 month high of C$49.97. The stock has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 6,283.33 and a beta of 0.99. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VNP. Royal Bank Of Canada set a C$41.00 price objective on shares of 5N Plus and gave the company a “moderate buy” rating in a report on Tuesday, July 21st. Raymond James Financial boosted their target price on 5N Plus from C$38.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Desjardins boosted their price target on shares of 5N Plus from C$43.00 to C$50.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Ventum Financial set a C$44.00 price objective on shares of 5N Plus and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Canaccord Genuity Group set a C$48.00 price objective on shares of 5N Plus and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$47.81.

5N Plus Company Profile

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.