5N Plus (TSE:VNP) Releases Earnings Results

5N Plus (TSE:VNP) announced its earnings results on Monday. The company reported C$0.31 earnings per share (EPS) for the quarter, FiscalAI reports. 5N Plus had a net margin of 13.95% and a return on equity of 30.00%. The company had revenue of C$173.84 million for the quarter.

5N Plus Stock Performance

Shares of TSE:VNP remained flat at C$32.58 during trading on Monday. 480,849 shares of the stock traded hands, compared to its average volume of 542,113. 5N Plus has a 12 month low of C$12.19 and a 12 month high of C$49.97. The company’s fifty day moving average is C$39.46 and its 200-day moving average is C$33.61. The company has a debt-to-equity ratio of 68.96, a quick ratio of 1.51 and a current ratio of 2.69. The company has a market capitalization of C$2.93 billion, a price-to-earnings ratio of 50.12, a P/E/G ratio of 6,283.33 and a beta of 0.99.

Analysts Set New Price Targets

VNP has been the subject of a number of research reports. Ventum Financial set a C$44.00 price target on shares of 5N Plus and gave the company a “buy” rating in a report on Monday, July 27th. Canaccord Genuity Group set a C$48.00 price objective on 5N Plus and gave the stock a “buy” rating in a report on Tuesday, July 14th. Desjardins increased their price objective on 5N Plus from C$43.00 to C$50.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Raymond James Financial lifted their target price on 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets boosted their target price on 5N Plus from C$45.00 to C$56.50 and gave the stock a “top pick” rating in a research report on Monday, May 25th. Two research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat.com, 5N Plus has an average rating of “Buy” and an average price target of C$47.81.

5N Plus Company Profile

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.