5N Plus (TSE:VNP) Sets New 52-Week High After Insider Buying Activity

5N Plus Inc. (TSE:VNP)’s stock price hit a new 52-week high on Monday following insider buying activity. The company traded as high as C$7.23 and last traded at C$7.18, with a volume of 37414 shares traded. The stock had previously closed at C$7.18.

Specifically, Senior Officer Richard Perron acquired 75,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of C$6.95 per share, for a total transaction of C$521,250.00.

Analysts Set New Price Targets

Several research firms recently commented on VNP. Cormark raised their price target on shares of 5N Plus from C$5.50 to C$7.50 and gave the company a “buy” rating in a report on Friday, June 7th. National Bankshares raised their target price on shares of 5N Plus from C$6.50 to C$8.00 and gave the company an “outperform” rating in a research note on Monday, August 26th. Raymond James upped their price target on shares of 5N Plus from C$7.50 to C$8.50 in a research report on Friday, September 6th. Finally, Desjardins raised their price objective on 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a research report on Tuesday, September 10th.

5N Plus Price Performance

The business’s 50 day moving average price is C$6.24 and its 200-day moving average price is C$5.58. The company has a quick ratio of 1.51, a current ratio of 3.47 and a debt-to-equity ratio of 110.23. The company has a market cap of C$642.89 million, a PE ratio of 45.19, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.57.

5N Plus (TSE:VNP) last released its quarterly earnings results on Monday, August 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$102.04 million for the quarter, compared to the consensus estimate of C$91.45 million. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. As a group, analysts forecast that 5N Plus Inc. will post 0.3715996 earnings per share for the current year.

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.