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

Key Points

• 5N Plus has moved above its 200-day moving average, trading around C$29.27 (intraday high C$29.73) versus the 200‑day MA of C$20.23, on volume of about 193,000 shares.
• Analysts are broadly positive with a consensus Buy rating and an average target of C$34.08 after several firms raised price targets and issued Buy/Outperform/Top Pick opinions.
• Company fundamentals show profitability (quarterly EPS C$0.10, ROE 28.3%, net margin 12.9%, revenue C$134.2M) but a rich valuation (P/E ~52.3) and notable leverage (debt-to-equity ~84.4%).

5N Plus Inc. (TSE:VNP - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$20.23 and traded as high as C$29.73. 5N Plus shares last traded at C$29.27, with a volume of 193,037 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on VNP shares. ATB Cormark Capital Markets reduced their target price on shares of 5N Plus from C$42.00 to C$37.50 and set a "top pick" rating on the stock in a research report on Tuesday, February 3rd. Raymond James Financial lifted their price target on shares of 5N Plus from C$29.00 to C$35.00 and gave the stock an "outperform" rating in a research note on Thursday, February 26th. Ventum Financial boosted their price objective 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. National Bank Financial upped their price objective on shares of 5N Plus from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research report on Wednesday, February 4th. Finally, Desjardins raised their target price 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 stock. According to data from MarketBeat, 5N Plus presently has a consensus rating of "Buy" and an average target price of C$34.08.

5N Plus Trading Up 0.3%

The company has a market cap of C$2.61 billion, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.87. The firm has a 50-day moving average price of C$24.56 and a 200 day moving average price of C$20.23. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 84.42.

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 (EPS) 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 for the quarter. As a group, sell-side analysts forecast that 5N Plus Inc. will post 0.3739703 EPS for the current 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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