5N Plus (TSE:VNP) Sets New 52-Week High – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$29.25 and last traded at C$29.25, with a volume of 117863 shares changing hands. The stock had previously closed at C$28.01.

Analyst Ratings Changes

A number of research firms have issued reports on VNP. National Bank Financial raised their target price on 5N Plus from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. 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 for the company in a research note on Tuesday, February 3rd. Canaccord Genuity Group lifted their target price on 5N Plus from C$26.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Desjardins upped their price target on 5N Plus from C$24.50 to C$30.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Finally, Ventum Financial boosted their price objective on 5N Plus from C$26.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$31.25.

5N Plus Stock Up 5.1%

The company has a market cap of C$2.62 billion, a P/E ratio of 60.08, a PEG ratio of 6,283.33 and a beta of 1.19. 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 firm has a fifty day moving average price of C$21.35 and a 200 day moving average price of C$18.77.

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.