5N Plus (TSE:VNP) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Technical breakout: 5N Plus's shares crossed above their 200-day moving average (C$23.34) and last traded at C$33.57 after hitting C$34.33, signaling a notable upward technical move.
• Analyst bullishness: The consensus is a "Buy" with an average target of C$34.58—several firms have raised targets recently (e.g., Raymond James to C$38) and the stock has multiple Buy/Strong Buy ratings.
• Mixed fundamentals: The company has a C$3.02B market cap, recent quarterly EPS of C$0.10 with ROE 28.32% and net margin 12.89%, but it trades at a high P/E of 59.95, suggesting premium valuation.

5N Plus Inc. (TSE:VNP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$23.34 and traded as high as C$34.33. 5N Plus shares last traded at C$33.57, with a volume of 289,108 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VNP. National Bank Financial boosted their price objective on 5N Plus from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Canaccord Genuity Group boosted their price objective on 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. Raymond James Financial boosted their price objective on 5N Plus from C$35.00 to C$38.00 and gave the company an "outperform" rating in a research note on Wednesday, April 1st. ATB Cormark Capital Markets cut their price objective on 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. Finally, Desjardins boosted their price objective on 5N Plus from C$24.50 to C$30.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$34.58.

5N Plus Stock Down 0.3%

The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 84.42. The firm has a market capitalization of C$3.02 billion, a P/E ratio of 59.95, a P/E/G ratio of 6,283.33 and a beta of 0.85. The company has a 50 day simple moving average of C$30.55 and a two-hundred day simple moving average of C$23.34.

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

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. 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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