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

Key Points

• 5N Plus Inc. shares reached a new 52-week high of C$15.71, closing at C$15.16, marking a 16.0% increase in value.
• The stock has received multiple upgrades from analysts, with three analysts issuing a "buy" rating and two designating a "strong buy," indicating strong market confidence.
• As of now, 5N Plus has a market capitalization of C$908.33 million and is involved in producing specialty metals and chemicals across North America, Europe, and Asia.

Shares of 5N Plus Inc. (TSE:VNP - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$15.71 and last traded at C$15.16, with a volume of 306865 shares traded. The stock had previously closed at C$12.47.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. National Bank Financial raised 5N Plus to a "strong-buy" rating in a research note on Thursday, June 12th. Cormark raised 5N Plus to a "moderate buy" rating in a research note on Monday, April 21st. 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 note on Friday, June 6th. 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 note on Friday. Finally, Ventum Financial 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 note on Thursday, July 24th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, 5N Plus presently has a consensus rating of "Buy" and an average price target of C$11.75.

5N Plus Stock Up 16.0%

The business has a fifty day simple moving average of C$9.78 and a 200 day simple moving average of C$7.78. The firm has a market cap of C$908.33 million, a price-to-earnings ratio of 56.89, a PEG ratio of 6,283.33 and a beta of 1.55. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51.

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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