5N Plus (TSE:VNP) Price Target Raised to C$34.00

5N Plus (TSE:VNP) had its target price hoisted by equities research analysts at Canaccord Genuity Group from C$31.00 to C$34.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 11.22% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. National Bank Financial increased their price objective on 5N Plus from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Ventum Financial upped their price objective on shares of 5N Plus from C$30.00 to C$35.00 and gave the stock a “buy” rating in a research note on Thursday. Desjardins upped their price objective on 5N Plus from C$24.50 to C$30.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Raymond James Financial increased their price target on 5N Plus from C$24.00 to C$26.00 in a research note on Wednesday, November 5th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of 5N Plus from C$42.00 to C$37.50 and set a “top pick” rating on the stock in a research note on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$34.08.

5N Plus Stock Up 2.1%

5N Plus stock traded up C$0.64 during mid-day trading on Thursday, hitting C$30.57. The company’s stock had a trading volume of 378,745 shares, compared to its average volume of 517,717. 5N Plus has a 52-week low of C$4.90 and a 52-week high of C$31.35. The company has a market cap of C$2.72 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.19. The company has a debt-to-equity ratio of 104.29, a current ratio of 3.49 and a quick ratio of 1.51. The firm’s 50 day moving average is C$22.27 and its 200 day moving average is C$19.21.

5N Plus (TSE:VNP) last issued its earnings results on Tuesday, February 24th. The company reported C$0.10 earnings per share for the quarter. The company had revenue of C$134.21 million for the quarter. 5N Plus had a return on equity of 11.86% and a net margin of 5.63%. On average, analysts anticipate that 5N Plus will post 0.3739703 earnings per share 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.