Desjardins Has Strong Estimate for 5N Plus FY2024 Earnings

5N Plus Inc. (TSE:VNP) – Analysts at Desjardins boosted their FY2024 EPS estimates for shares of 5N Plus in a research note issued on Tuesday, November 5th. Desjardins analyst F. Tremblay now expects that the company will post earnings per share of $0.29 for the year, up from their previous estimate of $0.28. Desjardins has a “Buy” rating and a $8.50 price objective on the stock. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Desjardins also issued estimates for 5N Plus’ Q4 2024 earnings at $0.06 EPS.

A number of other research analysts also recently issued reports on VNP. Raymond James boosted their price objective on 5N Plus from C$7.50 to C$8.50 in a research note on Friday, September 6th. National Bankshares increased their price target on 5N Plus from C$8.00 to C$8.50 in a report on Tuesday.

5N Plus Price Performance

VNP stock opened at C$6.69 on Thursday. 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’s fifty day simple moving average is C$6.92 and its 200 day simple moving average is C$6.16. 5N Plus has a 12-month low of C$3.05 and a 12-month high of C$7.61. The firm has a market cap of C$594.87 million, a price-to-earnings ratio of 41.81, a PEG ratio of 6,283.33 and a beta of 1.55.

Insider Activity at 5N Plus

In other news, Senior Officer Richard Perron bought 75,000 shares of 5N Plus stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of C$6.95 per share, for a total transaction of C$521,250.00. 4.91% of the stock is currently owned by insiders.

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.