5N Plus (TSE:VNP) Sets New 1-Year High – Here’s What Happened

5N Plus Inc. (TSE:VNP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$8.95 and last traded at C$8.85, with a volume of 18370 shares. The stock had previously closed at C$8.90.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VNP. Ventum Cap Mkts upgraded shares of 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. National Bankshares upped their price objective on 5N Plus from C$8.00 to C$8.50 in a research report on Tuesday, November 5th. Finally, Ventum Financial set a C$10.00 price target on 5N Plus and gave the company a “buy” rating in a research note on Thursday, December 12th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$8.60.

5N Plus Trading Down 1.2 %

The stock has a market capitalization of C$781.61 million, a PE ratio of 54.94, a P/E/G ratio of 6,283.33 and a beta of 1.55. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51. The company’s 50 day moving average price is C$7.11 and its two-hundred day moving average price is C$6.75.

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

Insider Activity

In related news, Director Jean-Marie Bourassa bought 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of C$6.75 per share, with a total value of C$60,750.00. Corporate insiders own 4.91% of the company’s stock.

About 5N Plus

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.