5N Plus (TSE:VNP) Hits New 12-Month High After Insider Buying Activity

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

Specifically, Senior Officer Richard Perron bought 75,000 shares of 5N Plus stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of C$6.95 per share, with a total value of C$521,250.00.

Analyst Ratings Changes

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

5N Plus Price Performance

The stock has a market cap of C$642.89 million, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.57. 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 stock’s 50-day moving average is C$6.24 and its 200-day moving average is C$5.58.

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