5N Plus (TSE:VNP) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Shares crossed above their 200-day moving average (200-day = C$20.79), trading as high as C$29.52 and last at C$29.06 on volume of 546,477, a bullish technical signal.
• Analysts are broadly positive with a consensus rating of Buy and an average price target of C$34.08, driven by several recent upgrades (e.g., Raymond James to C$35, Canaccord to C$34).
• Valuation and fundamentals show trade-offs: market cap C$2.59B and trailing P/E ~51.9 while debt-to-equity is elevated at 84.4%; latest quarter reported C$0.10 EPS, 12.9% net margin and C$134.2M revenue.

Shares of 5N Plus Inc. (TSE:VNP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.79 and traded as high as C$29.52. 5N Plus shares last traded at C$29.06, with a volume of 546,477 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James Financial upped their price objective on shares of 5N Plus from C$29.00 to C$35.00 and gave the company an "outperform" rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets reduced their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating for the company in a research note on Tuesday, February 3rd. National Bank Financial upped their price objective on shares of 5N Plus from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a report on Wednesday, February 4th. Canaccord Genuity Group raised their target price on shares of 5N Plus from C$31.00 to C$34.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Finally, Ventum Financial lifted their target price on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$34.08.

5N Plus Trading Down 3.5%

The company has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.87. The business has a fifty day moving average price of C$25.91 and a 200 day moving average price of C$20.79. The company has a debt-to-equity ratio of 84.42, a current ratio of 2.76 and a quick ratio of 1.51.

5N Plus (TSE:VNP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported C$0.10 earnings per share (EPS) for the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. The business had revenue of C$134.21 million for the quarter. On average, equities analysts expect that 5N Plus Inc. will post 0.3739703 EPS for the current fiscal year.

About 5N Plus

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. The Company's products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial.

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