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

Key Points

• 5N Plus Inc. reached a new 52-week high of C$15.70, closing at C$15.64 with a trading volume of 76,131 shares.
• Analysts have given a consensus rating of "Buy" for 5N Plus, with target prices increasing significantly from C$9.00 to as high as C$14.00.
• The company operates in specialty metals and chemicals, with a current market cap of C$1.40 billion and a PE ratio of 43.75.

5N Plus Inc. (TSE:VNP - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$15.70 and last traded at C$15.64, with a volume of 76131 shares trading hands. The stock had previously closed at C$15.51.

Wall Street Analyst Weigh In

A number of research firms have commented on VNP. 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 report on Thursday, July 24th. Desjardins upped 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 report on Friday, August 1st. National Bank Financial raised shares of 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, National Bankshares increased their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$12.83.

5N Plus Stock Performance

The firm has a fifty day moving average price of C$13.47 and a 200 day moving average price of C$9.28. The firm has a market capitalization of C$1.33 billion, a PE ratio of 41.53, a P/E/G 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.

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.