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

5N Plus Inc. (TSE:VNP) shares were 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 company traded as high as C$5.15 and last traded at C$5.12. Approximately 146,492 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 100,352 shares. The stock had previously closed at C$4.78.

Other equities analysts have also issued research reports about the company. Raymond James increased their target price on 5N Plus from C$6.00 to C$7.00 in a research note on Wednesday. National Bankshares boosted their target price on shares of 5N Plus from C$0.60 to C$0.65 and gave the company an “outperform” rating in a research report on Tuesday.

Insider Activity

In related news, Director Jean-Marie Bourassa bought 60,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of C$4.52 per share, for a total transaction of C$271,561.85. Over the last ninety days, insiders acquired 69,100 shares of company stock worth $312,032. Corporate insiders own 4.79% of the company’s stock.

5N Plus Price Performance

The business’s 50 day moving average is C$4.73 and its 200-day moving average is C$4.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 107.81. The firm has a market capitalization of C$451.05 million, a P/E ratio of 22.09, a PEG ratio of 6,283.33 and a beta of 1.64.

5N Plus (TSE:VNP) last posted its quarterly 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 business had revenue of C$88.59 million for the quarter, compared to analyst estimates of C$84.15 million. 5N Plus had a return on equity of 12.76% and a net margin of 6.35%. As a group, sell-side analysts predict that 5N Plus Inc. will post 0.2835821 EPS 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.