Cormark Has Bullish Outlook for 5N Plus FY2024 Earnings

5N Plus Inc. (TSE:VNP) – Cormark increased their FY2024 earnings estimates for shares of 5N Plus in a report released on Wednesday, November 6th. Cormark analyst D. Ocampo now expects that the company will post earnings of $0.29 per share for the year, up from their previous estimate of $0.28. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Cormark also issued estimates for 5N Plus’ Q4 2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.39 EPS.

VNP has been the subject of several other research reports. Raymond James lifted their target price on shares of 5N Plus from C$7.50 to C$8.50 in a report on Friday, September 6th. Desjardins boosted their price objective on shares of 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, National Bankshares boosted their price objective on shares of 5N Plus from C$8.00 to C$8.50 in a report on Tuesday.

5N Plus Stock Performance

Shares of VNP stock opened at C$6.71 on Thursday. The company has a market capitalization of C$596.65 million, a price-to-earnings ratio of 41.94, a PEG ratio of 6,283.33 and a beta of 1.55. The company has a debt-to-equity ratio of 110.23, a quick ratio of 1.51 and a current ratio of 3.47. The company has a 50-day simple moving average of C$6.92 and a 200 day simple moving average of C$6.16. 5N Plus has a 52 week low of C$3.05 and a 52 week high of C$7.61.

5N Plus (TSE:VNP) last announced its earnings results on Monday, August 5th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$102.04 million during 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%.

Insider Buying and Selling at 5N Plus

In other 5N Plus news, Senior Officer Richard Perron acquired 75,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of C$6.95 per share, with a total value of C$521,250.00. 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.