5N Plus (TSE:VNP) Reaches New 1-Year High – Still a Buy?

5N Plus Inc. (TSE:VNP)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$9.54 and last traded at C$9.51, with a volume of 37783 shares changing hands. The stock had previously closed at C$9.23.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VNP. National Bankshares upped their target price on 5N Plus from C$9.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Friday, June 6th. Cormark upgraded shares of 5N Plus to a “moderate buy” rating in a research note on Monday, April 21st. Finally, National Bank Financial raised shares of 5N Plus to a “strong-buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$9.38.

5N Plus Stock Up 2.1%

The company has a current ratio of 3.49, a quick ratio of 1.51 and a debt-to-equity ratio of 104.29. The firm has a market capitalization of C$591.33 million, a P/E ratio of 37.03, a P/E/G ratio of 6,283.33 and a beta of 1.55. The stock’s 50-day simple moving average is C$7.39 and its 200-day simple moving average is C$6.99.

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.