5N Plus (TSE:VNP) Hits New 52-Week High - Still a Buy?

Key Points

• 5N Plus Inc. (TSE:VNP) reached a new 52-week high of C$19.60, closing at C$17.98 with significant trading volume.
• Several analysts have recently upgraded their ratings for 5N Plus, with Cormark citing it as a strong buy and National Bankshares raising the price target to C$21.00.
• The company has a market capitalization of C$1.64 billion and displays strong financial ratios, including a P/E ratio of 51.19 and a current ratio of 3.49.

Shares of 5N Plus Inc. (TSE:VNP - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$19.60 and last traded at C$17.98, with a volume of 128688 shares trading hands. The stock had previously closed at C$17.66.

Wall Street Analysts Forecast Growth

VNP has been the subject of a number of recent analyst reports. Cormark upgraded 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Desjardins increased their price target on 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Ventum Financial raised their price objective on 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, National Bankshares raised their price objective on 5N Plus from C$17.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus price target of C$16.33.

5N Plus Trading Up 4.4%

The firm has a market capitalization of C$1.64 billion, a P/E ratio of 51.19, a PEG ratio of 6,283.33 and a beta of 1.46. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The business has a 50-day moving average price of C$15.75 and a 200-day moving average price of C$10.93.

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.

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