5N Plus (TSE:VNP) Reaches New 12-Month High – Here’s Why

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high on Monday . The company traded as high as C$8.11 and last traded at C$8.11, with a volume of 51397 shares changing hands. The stock had previously closed at C$7.93.

Analysts Set New Price Targets

Several research firms have recently issued reports on VNP. National Bankshares increased their target price on 5N Plus from C$8.00 to C$8.50 in a report on Tuesday, November 5th. Ventum Cap Mkts upgraded shares of 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Ventum Financial set a C$10.00 price target on shares of 5N Plus and gave the stock a “buy” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$8.60.

5N Plus Trading Down 0.1 %

The business’s 50 day moving average price is C$7.00 and its two-hundred day moving average price is C$6.69. The company has a market capitalization of C$716.70 million, a price-to-earnings ratio of 50.38, a P/E/G ratio of 6,283.33 and a beta of 1.55. The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23.

5N Plus (TSE:VNP) last issued its earnings results on Monday, November 4th. The company reported C$0.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.04. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. During the same period last year, the company earned $0.03 EPS. On average, equities analysts predict that 5N Plus Inc. will post 0.3739703 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 5N Plus news, Director Jean-Marie Bourassa bought 9,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$6.75 per share, for a total transaction of C$60,750.00. Insiders own 4.91% of the company’s stock.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.