5N Plus (TSE:VNP) Price Target Increased to C$8.50 by Analysts at Raymond James

5N Plus (TSE:VNP) had its price target upped by Raymond James from C$7.50 to C$8.50 in a research report sent to investors on Friday morning, BayStreet.CA reports.

VNP has been the subject of a number of other reports. Cormark boosted their price target on 5N Plus from C$5.50 to C$7.50 and gave the company a buy rating in a report on Friday, June 7th. National Bankshares boosted their price objective on shares of 5N Plus from C$6.50 to C$8.00 and gave the company an outperform rating in a research report on Monday, August 26th. Finally, Desjardins upped their target price on 5N Plus from C$6.75 to C$7.25 and gave the company a buy rating in a report on Wednesday, August 7th.

5N Plus Trading Up 1.8 %

TSE VNP opened at C$6.83 on Friday. The company has a market capitalization of C$607.32 million, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.56. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51. 5N Plus has a 12 month low of C$2.99 and a 12 month high of C$7.00. The company’s fifty day moving average price is C$6.15 and its two-hundred day moving average price is C$5.47.

5N Plus (TSE:VNP) last issued its quarterly earnings results on Monday, August 5th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The business had revenue of C$102.04 million for the quarter, compared to analysts’ expectations of C$91.45 million. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. As a group, research analysts predict that 5N Plus will post 0.274083 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Richard Perron sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of C$6.08, for a total transaction of C$25,536.00. In other 5N Plus news, Senior Officer Richard Perron sold 4,200 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of C$6.08, for a total transaction of C$25,536.00. Also, Director Luc Bertrand purchased 5,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of C$6.01 per share, for a total transaction of C$30,045.00. 4.91% of the stock is owned by insiders.

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.