5N Plus (TSE:VNP) Sets New 12-Month High - Time to Buy?

Key Points

• 5N Plus Inc. reached a new 52-week high, trading as high as C$18.91 with a volume of 327,353 shares on Wednesday.
• Several research firms have raised their price targets for 5N Plus, with National Bankshares increasing their target from C$17.00 to C$21.00, and Raymond James Financial raising theirs from C$19.00 to C$24.00.
• The stock currently has an average rating of "Strong Buy" from analysts, indicating positive sentiment towards the company's future performance.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$18.85 and last traded at C$18.91, with a volume of 327353 shares changing hands. The stock had previously closed at C$17.97.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VNP. National Bankshares raised their price target on shares of 5N Plus from C$17.00 to C$21.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Cormark upgraded 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, September 25th. Ventum Financial raised their target price on 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. Raymond James Financial raised their price target on 5N Plus from C$19.00 to C$24.00 in a report on Friday, October 17th. Finally, Desjardins lifted their target price on 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Strong Buy" and an average target price of C$18.25.

5N Plus Price Performance

The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 52.81, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.46. 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 stock has a 50-day simple moving average of C$16.08 and a 200 day simple moving average of C$11.41.

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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