5N Plus (TSE:VNP) Sets New 52-Week High - Should You 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)'s share price hit a new 52-week high during trading on Monday . The company 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.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. National Bank Financial upgraded 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. National Bankshares increased their target price on 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. Desjardins increased their target price on 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, Ventum Financial raised their price objective on 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, 5N Plus currently has a consensus rating of "Buy" and an average target price of C$12.83.

5N Plus Stock Up 1.5%

The business has a 50-day moving average price of C$12.87 and a two-hundred day moving average price of C$9.02. The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The firm has a market cap of C$1.40 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.44.

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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