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

Key Points

• 5N Plus Inc. shares hit a new 12-month high, trading at C$15.95 during midday, significantly up from a previous close of C$14.68.
• Several analysts have upgraded their price targets for 5N Plus, with Desjardins and Ventum Financial both setting a target of C$14.00 and rating the stock as a "buy."
• The company has a market cap of C$1.37 billion and reported a 4.6% increase in its stock value recently, indicating positive market sentiment.

5N Plus Inc. (TSE:VNP - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$15.95 and last traded at C$15.79, with a volume of 317239 shares trading hands. The stock had previously closed at C$14.68.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on VNP shares. National Bankshares increased their price objective on 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a report on Friday, June 6th. Desjardins increased their target price on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. National Bank Financial raised shares of 5N Plus to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Ventum Financial raised their price target on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, 5N Plus currently has a consensus rating of "Buy" and an average target price of C$12.83.

5N Plus Trading Up 1.0%

The business's 50 day moving average price is C$14.02 and its two-hundred day moving average price is C$9.64. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of 43.44, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.44. The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49.

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.