5N Plus (TSE:VNP) Hits New 52-Week High - Here's What Happened

Key Points

• 5N Plus hit a new 52-week high, trading as high as C$39.70 (last at C$37.92) on volume of 122,996 shares after closing at C$36.05, a move of about +4.2%.
• Analysts remain bullish with a consensus Buy rating and a consensus price target of C$35.42; several firms raised targets recently (e.g., Raymond James to C$38) and the stock has two "Strong Buy" and five "Buy" ratings.
• Recent quarter: EPS C$0.28 on revenue of C$163.91M, with a 28.32% return on equity and 12.89% net margin; the company has a market cap of C$3.38B and a P/E of 67.07.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$39.70 and last traded at C$37.92, with a volume of 122996 shares trading hands. The stock had previously closed at C$36.05.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Raymond James Financial increased their price objective on shares of 5N Plus from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research report on Wednesday, April 1st. ATB Cormark Capital Markets decreased their target price 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 note on Tuesday, February 3rd. Canaccord Genuity Group lifted their price target on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Desjardins upped 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. Finally, Ventum Financial raised their target price on 5N Plus from C$30.00 to C$35.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Two investment 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.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$35.42.

5N Plus Stock Up 4.2%

The firm has a 50 day moving average price of C$31.84 and a 200-day moving average price of C$24.64. The firm has a market cap of C$3.38 billion, a price-to-earnings ratio of 67.07, 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 84.42, a current ratio of 2.76 and a quick ratio of 1.51.

5N Plus (TSE:VNP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.28 earnings per share for the quarter. 5N Plus had a return on equity of 28.32% and a net margin of 12.89%.The firm had revenue of C$163.91 million during the quarter. As a group, equities analysts predict that 5N Plus Inc. 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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