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

Key Points

• 5N Plus Inc. reached a new 52-week high share price of C$12.20 during trading, with a closing price of C$12.08.
• Wall Street analysts have issued positive ratings for the stock, with three analysts rating it as "buy" and two as "strong buy," leading to an average price target of C$10.38.
• The company has a solid financial position with a current ratio of 3.49 and plans to continue its operations in specialty metals and chemicals across North America, Europe, and Asia.

5N Plus Inc. (TSE:VNP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$12.20 and last traded at C$12.08, with a volume of 168730 shares trading hands. The stock had previously closed at C$11.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on VNP shares. Cormark raised shares of 5N Plus to a "moderate buy" rating in a research report on Monday, April 21st. National Bankshares boosted their target price on 5N Plus from C$9.00 to C$10.50 and gave the stock an "outperform" rating in a research note on Friday, June 6th. National Bank Financial raised 5N Plus to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Ventum Financial boosted their target price on 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research note on Thursday. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$10.38.

5N Plus Stock Up 5.2%

The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The stock has a 50 day simple moving average of C$9.28 and a 200 day simple moving average of C$7.58. The firm has a market capitalization of C$787.18 million, a PE ratio of 49.30, a PEG ratio of 6,283.33 and a beta of 1.55.

About 5N Plus

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.

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