Raymond James Lowers 5N Plus (TSE:VNP) to Outperform

Raymond James downgraded shares of 5N Plus (TSE:VNP) from a strong-buy rating to an outperform rating in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage currently has C$7.50 price objective on the stock, up from their previous price objective of C$7.00.

A number of other research analysts have also recently issued reports on the company. Desjardins raised their price objective on 5N Plus from C$6.25 to C$6.75 and gave the company a buy rating in a research note on Wednesday, June 5th. National Bankshares raised their price objective on 5N Plus from C$0.60 to C$0.65 and gave the company an outperform rating in a research note on Tuesday, May 7th. Finally, Cormark increased their target price on shares of 5N Plus from C$5.50 to C$7.50 and gave the stock a buy rating in a report on Friday, June 7th.

5N Plus Stock Down 0.7 %

Shares of TSE:VNP opened at C$5.88 on Friday. The stock’s 50-day moving average price is C$5.66 and its 200-day moving average price is C$4.77. 5N Plus has a 12-month low of C$2.99 and a 12-month high of C$6.37. The stock has a market capitalization of C$522.09 million, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 6,283.33 and a beta of 1.65. The company has a current ratio of 3.21, a quick ratio of 1.51 and a debt-to-equity ratio of 114.88.

5N Plus (TSE:VNP) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.05 by C($0.01). 5N Plus had a net margin of 6.53% and a return on equity of 13.41%. The company had revenue of C$87.66 million for the quarter, compared to the consensus estimate of C$88.32 million. On average, equities analysts anticipate that 5N Plus will post 0.2529264 earnings per share for the current year.

Insider Transactions at 5N Plus

In other news, Director Luc Bertrand bought 5,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of C$6.01 per share, for a total transaction of C$30,045.00. In related news, Director Jean-Marie Bourassa acquired 5,800 shares of the stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of C$5.18 per share, for a total transaction of C$30,044.00. Also, Director Luc Bertrand acquired 5,000 shares of the stock in a transaction on Friday, June 14th. The stock was bought at an average price of C$6.01 per share, with a total value of C$30,045.00. 4.82% of the stock is currently owned by company 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.