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

5N Plus Inc. (TSE:VNP)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$8.11 and last traded at C$8.11, with a volume of 51397 shares trading hands. The stock had previously closed at C$7.93.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. National Bankshares boosted their price target on shares of 5N Plus from C$8.00 to C$8.50 in a research note on Tuesday, November 5th. Ventum Cap Mkts raised 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Ventum Financial set a C$10.00 target price on shares of 5N Plus and gave the stock a “buy” rating in a report on Thursday, December 12th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$8.60.

5N Plus Price Performance

The stock has a market cap of C$721.14 million, a PE ratio of 50.69, a PEG ratio of 6,283.33 and a beta of 1.55. The firm has a 50-day moving average of C$6.93 and a 200-day moving average of C$6.67. The company has a debt-to-equity ratio of 110.23, a current ratio of 3.47 and a quick ratio of 1.51.

Insider Activity at 5N Plus

In other 5N Plus news, Director Jean-Marie Bourassa bought 9,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$6.75 per share, for a total transaction of C$60,750.00. 4.91% of the stock is currently 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.