5N Plus (TSE:VNP) Reaches New 12-Month High – Still a Buy?

5N Plus Inc. (TSE:VNP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$23.21 and last traded at C$23.21, with a volume of 1370049 shares. The stock had previously closed at C$19.53.

Analyst Ratings Changes

A number of research firms have recently issued reports on VNP. Ventum Financial increased their target price on 5N Plus from C$19.00 to C$21.50 in a report on Wednesday, October 29th. Raymond James Financial upped their price target on 5N Plus from C$24.00 to C$26.00 in a research report on Wednesday, November 5th. Desjardins raised their price objective on 5N Plus from C$17.50 to C$23.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. National Bankshares lifted their target price on 5N Plus from C$17.00 to C$21.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Canaccord Genuity Group set a C$26.00 target price on 5N Plus and gave the company a “buy” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, 5N Plus currently has an average rating of “Buy” and an average price target of C$23.50.

5N Plus Stock Performance

The company has a quick ratio of 1.51, a current ratio of 3.49 and a debt-to-equity ratio of 104.29. The stock has a market cap of C$2.07 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.89. The firm’s 50-day moving average is C$19.00 and its two-hundred day moving average is C$17.12.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, November 3rd. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$146.06 million during the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. As a group, research analysts expect 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.