5N Plus (TSE:VNP) Sets New 1-Year High – Time to Buy?

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$32.15 and last traded at C$31.90, with a volume of 195392 shares changing hands. The stock had previously closed at C$29.23.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. National Bank Financial boosted their price objective on 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 target price 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. Ventum Financial boosted 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, February 26th. 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, February 26th. Finally, ATB Cormark Capital Markets cut their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating for the company in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$34.08.

5N Plus Stock Up 7.8%

The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 6,283.33 and a beta of 0.87. The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51. The business has a fifty day moving average of C$26.09 and a 200 day moving average of C$20.97.

5N Plus (TSE:VNP) last posted its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The company had revenue of C$134.21 million during the quarter. As a group, equities 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.