5N Plus (TSE:VNP) Sets New 1-Year High - Here's Why

Key Points

• 5N Plus Inc. shares have reached a new 52-week high at C$17.09, with the most recent trading price at C$17.01.
• Analysts have raised their price targets for 5N Plus, with Desjardins and Ventum Financial targeting C$14.00 and National Bankshares aiming for C$10.50, indicating strong optimism for the stock.
• The company, which specializes in ultra-pure materials for semiconductors, has an average price target of C$12.83 and is rated as a "Strong Buy" by three analysts.

Shares of 5N Plus Inc. (TSE:VNP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$17.09 and last traded at C$17.01, with a volume of 195655 shares. The stock had previously closed at C$16.46.

Analysts Set New Price Targets

A number of analysts recently weighed in on VNP shares. Desjardins increased their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a report on Friday, August 1st. National Bankshares raised their target price on shares of 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research note on Friday, June 6th. Ventum Financial raised their target price on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. National Bank Financial raised shares of 5N Plus to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Cormark raised shares of 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average price target of C$12.83.

5N Plus Stock Performance

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 company's 50-day moving average price is C$14.76 and its two-hundred day moving average price is C$10.12. The company has a market cap of C$1.52 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.44.

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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