5N Plus (TSE:VNP) Hits New 12-Month High - What's Next?

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.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company 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

VNP has been the topic of a number of analyst reports. National Bank Financial upgraded shares of 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. National Bankshares boosted their price objective on shares of 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research report on Friday, June 6th. Ventum Financial boosted their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Desjardins boosted their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Cormark upgraded shares of 5N Plus to a "moderate buy" rating in a research report on Monday, April 21st. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, 5N Plus presently has a consensus rating of "Buy" and an average price target of C$11.75.

5N Plus Stock Down 1.5%

The company has a debt-to-equity ratio of 104.29, a quick ratio of 1.51 and a current ratio of 3.49. The stock has a market capitalization of C$961.06 million, a P/E ratio of 60.19, a P/E/G ratio of 6,283.33 and a beta of 1.55. The company's 50-day moving average price is C$10.33 and its 200 day moving average price is C$7.98.

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.