5N Plus (TSE:VNP) Shares Up 7.1% on Analyst Upgrade

5N Plus Inc. (TSE:VNP)’s share price shot up 7.1% during trading on Tuesday after Cormark raised their price target on the stock from C$5.75 to C$6.50. The stock traded as high as C$5.15 and last traded at C$5.12. 146,492 shares changed hands during trading, an increase of 46% from the average session volume of 100,352 shares. The stock had previously closed at C$4.78.

Several other analysts have also commented on the stock. Raymond James increased their price target on shares of 5N Plus from C$6.00 to C$7.00 in a research report on Wednesday. National Bankshares boosted their price objective on shares of 5N Plus from C$0.60 to C$0.65 and gave the stock an “outperform” rating in a research note on Tuesday.

Insider Buying and Selling at 5N Plus

In related news, Director Jean-Marie Bourassa purchased 60,100 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was bought at an average cost of C$4.52 per share, with a total value of C$271,561.85. In the last quarter, insiders purchased 69,100 shares of company stock worth $312,032. Insiders own 4.79% of the company’s stock.

5N Plus Trading Down 1.4 %

The company’s fifty day simple moving average is C$4.73 and its 200-day simple moving average is C$4.02. The firm has a market capitalization of C$451.05 million, a PE ratio of 22.09, a P/E/G ratio of 6,283.33 and a beta of 1.64. The company has a debt-to-equity ratio of 107.81, a current ratio of 2.22 and a quick ratio of 1.51.

5N Plus (TSE:VNP) last announced its earnings results on Tuesday, February 27th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.02). The firm had revenue of C$88.59 million for the quarter, compared to analyst estimates of C$84.15 million. 5N Plus had a net margin of 6.35% and a return on equity of 12.76%. As a group, sell-side analysts expect that 5N Plus Inc. will post 0.2835821 earnings per share for the current fiscal year.

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.