5N Plus (TSE:VNP) Shares Climb 18.5% – Time to Buy?

5N Plus Inc. (TSE:VNP)’s stock price rose 18.5% on Tuesday. The company traded as high as C$31.17 and last traded at C$31.00. Approximately 537,187 shares were traded during mid-day trading, a decline of 13% from the average session volume of 619,157 shares. The stock had previously closed at C$26.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Ventum Financial set a C$44.00 target price on shares of 5N Plus and gave the stock a “buy” rating in a report on Monday, July 27th. Desjardins dropped their price target on 5N Plus from C$50.00 to C$45.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Scotia reduced their target price on shares of 5N Plus from C$48.00 to C$35.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, August 5th. National Bank Financial dropped their price objective on 5N Plus from C$50.00 to C$45.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Finally, Canaccord Genuity Group set a C$48.00 price objective on 5N Plus and gave the company a “buy” rating in a report on Tuesday, July 14th. Two investment 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 company presently has an average rating of “Buy” and an average price target of C$45.28.

5N Plus Stock Up 20.0%

The firm’s fifty day moving average is C$27.85 and its 200 day moving average is C$31.91. The company has a debt-to-equity ratio of 45.47, a quick ratio of 1.51 and a current ratio of 2.28. The firm has a market cap of C$2.82 billion, a P/E ratio of 45.48, a P/E/G ratio of 6,283.33 and a beta of 0.59.

5N Plus (TSE:VNP) last posted its earnings results on Monday, November 2nd. The company reported C$0.28 EPS for the quarter. 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%. As a group, equities research analysts anticipate that 5N Plus Inc. will post 0.37 earnings per share for the current fiscal year.

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.