Cormark Has Bullish Outlook for 5N Plus FY2024 Earnings

5N Plus Inc. (TSE:VNP) – Analysts at Cormark increased their FY2024 EPS estimates for 5N Plus in a research report issued to clients and investors on Wednesday, November 6th. Cormark analyst D. Ocampo now forecasts that the company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.28. The consensus estimate for 5N Plus’ current full-year earnings is $0.37 per share. Cormark also issued estimates for 5N Plus’ Q4 2024 earnings at $0.04 EPS, Q2 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.11 EPS and FY2025 earnings at $0.39 EPS.

5N Plus (TSE:VNP) last announced its quarterly earnings data on Monday, August 5th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. 5N Plus had a net margin of 4.15% and a return on equity of 8.56%. The firm had revenue of C$102.04 million for the quarter, compared to analysts’ expectations of C$91.45 million.

A number of other equities analysts have also recently issued reports on the stock. Desjardins raised their price objective on shares of 5N Plus from C$7.25 to C$8.50 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Raymond James lifted their price target on shares of 5N Plus from C$7.50 to C$8.50 in a research report on Friday, September 6th. Finally, National Bankshares raised their price objective on shares of 5N Plus from C$8.00 to C$8.50 in a report on Tuesday.

5N Plus Price Performance

Shares of VNP stock opened at C$6.71 on Thursday. 5N Plus has a 52-week low of C$3.05 and a 52-week high of C$7.61. The stock has a market cap of C$596.65 million, a PE ratio of 41.94, a PEG ratio of 6,283.33 and a beta of 1.55. The company has a debt-to-equity ratio of 110.23, a quick ratio of 1.51 and a current ratio of 3.47. The firm’s 50 day moving average price is C$6.92 and its two-hundred day moving average price is C$6.16.

Insider Buying and Selling at 5N Plus

In other 5N Plus news, Senior Officer Richard Perron purchased 75,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of C$6.95 per share, for a total transaction of C$521,250.00. Company insiders own 4.91% of the company’s stock.

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.