5N Plus (TSE:VNP) Announces Quarterly Earnings Results

5N Plus (TSE:VNP) issued its quarterly earnings data on Monday. The company reported C$0.28 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$194.16 million for the quarter. 5N Plus had a return on equity of 29.60% and a net margin of 14.08%.

5N Plus Stock Up 24.7%

Shares of TSE:VNP opened at C$32.62 on Wednesday. The stock has a market cap of C$2.93 billion, a P/E ratio of 47.28, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.59. The company has a quick ratio of 1.51, a current ratio of 2.28 and a debt-to-equity ratio of 45.47. 5N Plus has a 52-week low of C$17.20 and a 52-week high of C$49.97. The business’s 50 day moving average is C$27.98 and its 200 day moving average is C$31.97.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VNP shares. Desjardins dropped their price target on shares of 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Ventum Financial set a C$44.00 price objective on 5N Plus and gave the stock a “buy” rating in a report on Monday, July 27th. Scotia lowered their target price on shares of 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating for the company in a report on Wednesday, August 5th. Canaccord Genuity Group set a C$48.00 price objective on shares of 5N Plus and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Raymond James Financial upgraded 5N Plus from a “moderate buy” rating to a “strong-buy” rating and set a C$45.00 price target for the company in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$45.28.

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.