5N Plus (TSE:VNP) Sets New 52-Week High – Time to Buy?

5N Plus Inc. (TSE:VNP)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$7.76 and last traded at C$7.76, with a volume of 47733 shares trading hands. The stock had previously closed at C$7.38.

Analyst Ratings Changes

Several research analysts recently weighed in on VNP shares. Ventum Financial set a C$10.00 target price on 5N Plus and gave the company a “buy” rating in a research note on Thursday, December 12th. Desjardins lifted their price objective on shares of 5N Plus from C$7.25 to C$8.50 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. National Bankshares increased their target price on shares of 5N Plus from C$8.00 to C$8.50 in a research note on Tuesday, November 5th. Ventum Cap Mkts upgraded shares of 5N Plus to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Raymond James upped their price target on 5N Plus from C$7.50 to C$8.50 in a report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$8.60.

5N Plus Trading Up 0.1 %

The company’s 50-day moving average is C$6.81 and its 200 day moving average is C$6.54. The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23. The firm has a market cap of C$706.02 million, a PE ratio of 49.63, a P/E/G ratio of 6,283.33 and a beta of 1.55.

Insider Activity

In related news, Director Jean-Marie Bourassa bought 9,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was bought at an average price of C$6.75 per share, for a total transaction of C$60,750.00. Corporate insiders own 4.91% of the company’s stock.

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.