5N Plus (TSE:VNP) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

5N Plus (TSE:VNP) had its price target hoisted by stock analysts at ATB Cormark Capital Markets from C$45.00 to C$56.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “top pick” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential upside of 24.20% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Raymond James Financial boosted their price objective on shares of 5N Plus from C$38.00 to C$45.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. National Bank Financial boosted their price objective on shares of 5N Plus from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Desjardins boosted their price objective on shares of 5N Plus from C$35.50 to C$43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Canaccord Genuity Group upped their price target on shares of 5N Plus from C$31.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Ventum Financial increased their price target on 5N Plus from C$30.00 to C$35.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$42.42.

5N Plus Stock Up 1.7%

Shares of VNP traded up C$0.76 during midday trading on Monday, hitting C$45.49. The stock had a trading volume of 160,157 shares, compared to its average volume of 479,089. The company has a 50 day simple moving average of C$34.46 and a two-hundred day simple moving average of C$26.45. 5N Plus has a twelve month low of C$7.95 and a twelve month high of C$46.00. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of 69.98, a price-to-earnings-growth ratio of 6,283.33 and a beta of 0.98. The company has a debt-to-equity ratio of 68.96, a current ratio of 2.69 and a quick ratio of 1.51.

5N Plus (TSE:VNP) last released its earnings results on Wednesday, May 6th. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$163.91 million for the quarter. 5N Plus had a return on equity of 30.00% and a net margin of 13.95%. On average, analysts anticipate that 5N Plus 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.