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

Key Points

• 5N Plus shares crossed above their 200-day moving average (200‑day MA C$24.64), trading as high as C$36.38 and last at C$36.05 on volume of about 435,489 shares.
• Wall Street sentiment is positive with a consensus "Buy" rating and a consensus price target of C$35.42; several analysts have recently raised targets (e.g., National Bank and Raymond James to C$38) and the stock carries two Strong Buy and five Buy ratings.
• On fundamentals, 5N Plus reported quarterly EPS of C$0.28 on revenue of C$163.91M, with a 12.89% net margin and 28.32% ROE, though the shares trade at a high PE of 64.38 and a market cap of C$3.24B.

5N Plus Inc. (TSE:VNP - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.64 and traded as high as C$36.38. 5N Plus shares last traded at C$36.05, with a volume of 435,489 shares trading hands.

Wall Street Analyst Weigh In

VNP has been the topic of several analyst reports. National Bank Financial raised their price target on shares of 5N Plus from C$33.00 to C$38.00 and gave the company an "outperform" rating in a research report on Tuesday, April 21st. ATB Cormark Capital Markets decreased 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 report on Tuesday, February 3rd. Ventum Financial raised their target price on 5N Plus from C$30.00 to C$35.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Desjardins lifted their price target 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. Finally, Raymond James Financial lifted their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$35.42.

5N Plus Stock Performance

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's fifty day moving average is C$31.84 and its 200 day moving average is C$24.64. The company has a market cap of C$3.24 billion, a PE ratio of 64.38, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98.

5N Plus (TSE:VNP - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$163.91 million for the quarter. 5N Plus had a net margin of 12.89% and a return on equity of 28.32%. As a group, research analysts predict 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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