5N Plus (TSE:VNP) Upgraded by Cormark to "Strong-Buy" Rating

Key Points

• Cormark upgraded 5N Plus from a "moderate buy" to a "strong-buy" rating, reflecting increased confidence in the company's performance.
• Multiple analysts have raised their target prices for the stock, with National Bankshares increasing it from C$9.00 to C$10.50, and Ventum Financial raising it to C$14.00.
• 5N Plus shares opened at C$16.25, showing a 1.3% decline recently, despite strong ratings and a current market capitalization of C$1.45 billion.

5N Plus (TSE:VNP - Get Free Report) was upgraded by Cormark from a "moderate buy" rating to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. National Bankshares increased their target price on 5N Plus from C$9.00 to C$10.50 and gave the company an "outperform" rating in a research report on Friday, June 6th. Ventum Financial increased their target price on 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. National Bank Financial raised 5N Plus to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Desjardins increased their target price on 5N Plus from C$11.00 to C$14.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy" and an average target price of C$12.83.

5N Plus Stock Down 1.3%

Shares of TSE VNP opened at C$16.25 on Thursday. 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 market capitalization of C$1.45 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.44. The stock's fifty day simple moving average is C$14.56 and its two-hundred day simple moving average is C$9.93. 5N Plus has a 12-month low of C$4.90 and a 12-month high of C$16.79.

About 5N Plus

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.