5N Plus (TSE:VNP) Sets New 52-Week High - Still a Buy?

Key Points

• 5N Plus Inc. (TSE:VNP) reached a new 52-week high of C$18.58, closing at C$17.79 with significant trading volume.
• Brokerages have raised their ratings and target prices for 5N Plus, with multiple analysts assigning it a "Strong Buy" rating.
• The company has a current market capitalization of C$1.58 billion and a P/E ratio of 49.42, indicating strong growth potential but also high valuation metrics.

5N Plus Inc. (TSE:VNP - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$18.58 and last traded at C$17.79, with a volume of 425342 shares trading hands. The stock had previously closed at C$17.58.

Analyst Ratings Changes

A number of brokerages have weighed in 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. National Bank Financial raised shares of 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. Cormark raised shares of 5N Plus from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, September 25th. Finally, Desjardins upped their price objective on shares of 5N Plus from C$11.00 to C$14.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy" and an average target price of C$12.83.

5N Plus Price Performance

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 company has a market capitalization of C$1.58 billion, a P/E ratio of 49.42, a P/E/G ratio of 6,283.33 and a beta of 1.46. The business's fifty day moving average price is C$15.20 and its 200-day moving average price is C$10.49.

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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