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

5N Plus logo with Basic Materials background

Key Points

  • 5N Plus Inc.'s stock price recently surpassed its 200-day moving average of C$9.45, reaching a high of C$15.26 before last trading at C$14.68.
  • Multiple analysts have upgraded their ratings on 5N Plus, with a consensus rating of "Buy" and an average target price of C$12.83.
  • The company operates in the specialty metals and chemicals sector, with a market cap of C$1.31 billion and a significant debt-to-equity ratio of 104.29.
  • MarketBeat previews top five stocks to own in October.

5N Plus Inc. (TSE:VNP - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.45 and traded as high as C$15.26. 5N Plus shares last traded at C$14.68, with a volume of 128,808 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on VNP. Desjardins lifted their target price on 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. National Bankshares lifted their target price on 5N Plus from C$9.00 to C$10.50 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Ventum Financial lifted their target price 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. Finally, National Bank Financial upgraded 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$12.83.

Get Our Latest Research Report on 5N Plus

5N Plus Stock Up 0.3%

The firm has a market cap of C$1.38 billion, a price-to-earnings ratio of 43.00, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.44. 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 stock has a 50-day moving average of C$14.02 and a 200-day moving average of C$9.64.

About 5N Plus

(Get Free Report)

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.

Further Reading

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