5N Plus (TSE:VNP) Reaches New 12-Month High - Here's Why

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) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$15.95 and last traded at C$15.79, with a volume of 317239 shares traded. The stock had previously closed at C$14.68.

Analyst Upgrades and Downgrades

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

5N Plus Stock Up 4.6%

The stock has a 50 day simple moving average of C$13.80 and a 200-day simple moving average of C$9.45. The firm has a market cap of C$1.37 billion, a PE ratio of 42.64, a PEG ratio of 6,283.33 and a beta of 1.44. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51.

5N Plus Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.