5N Plus (TSE:VNP) Given New C$45.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark raised its price target on 5N Plus from C$37.50 to C$45.00 and kept a top pick rating, implying about 20% upside from the prior close.
• Other analysts were also more bullish, with several firms lifting targets and maintaining Buy or Outperform ratings. The stock now carries a consensus Buy rating and an average target price of C$40.50.
• 5N Plus recently reported quarterly EPS of C$0.28 on revenue of C$163.91 million. The stock was trading near C$37.39, close to its 52-week high of C$39.70.

5N Plus (TSE:VNP - Get Free Report) had its price target boosted by ATB Cormark Capital Markets from C$37.50 to C$45.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "top pick" rating on the stock. ATB Cormark Capital Markets' target price indicates a potential upside of 20.35% from the stock's previous close.

A number of other analysts have also recently commented on VNP. Raymond James Financial increased their price target on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an "outperform" rating in a research note on Friday. Canaccord Genuity Group increased 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 research report on Thursday, February 26th. Desjardins increased their price objective on shares of 5N Plus from C$24.50 to C$30.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. National Bank Financial increased their price objective on shares of 5N Plus from C$38.00 to C$41.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Ventum Financial increased their price objective 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. Two research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$40.50.

5N Plus Stock Performance

VNP stock traded up C$0.10 during trading hours on Friday, reaching C$37.39. The stock had a trading volume of 278,720 shares, compared to its average volume of 474,649. The stock has a market capitalization of C$3.36 billion, a PE ratio of 66.77, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51. The stock has a 50-day simple moving average of C$32.00 and a 200 day simple moving average of C$24.78. 5N Plus has a fifty-two week low of C$7.45 and a fifty-two week high of C$39.70.

5N Plus (TSE:VNP - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$163.91 million during the quarter. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. Analysts predict that 5N Plus 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.

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