5N Plus (TSE:VNP) Reaches New 52-Week High – Still a Buy?

5N Plus Inc. (TSE:VNP)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$7.32 and last traded at C$7.32, with a volume of 32120 shares trading hands. The stock had previously closed at C$7.12.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VNP. Raymond James increased their price objective on shares of 5N Plus from C$7.50 to C$8.50 in a research note on Friday, September 6th. National Bankshares increased their price objective 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. Finally, Desjardins upped their price target on shares of 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 Stock Performance

The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23. The company’s 50-day simple moving average is C$6.81 and its 200-day simple moving average is C$6.01. The stock has a market capitalization of C$656.23 million, a price-to-earnings ratio of 46.13, a PEG ratio of 6,283.33 and a beta of 1.55.

5N Plus (TSE:VNP) last announced its quarterly earnings results on Monday, August 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.02. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. The firm had revenue of C$102.04 million during the quarter, compared to analysts’ expectations of C$91.45 million. On average, analysts expect that 5N Plus Inc. will post 0.3739703 EPS for the current year.

Insider Transactions at 5N Plus

In other news, Senior Officer Richard Perron acquired 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of C$6.95 per share, for a total transaction of C$521,250.00. 4.91% of the stock is currently owned by corporate insiders.

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.