5N Plus (TSE:VNP) Upgraded at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of 5N Plus (TSE:VNP) to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also commented on VNP. Desjardins raised their price target on 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 raised their price objective on 5N Plus from C$7.50 to C$8.50 in a research report on Friday, September 6th. Ventum Financial set a C$10.00 price objective on 5N Plus and gave the company a “buy” rating in a research report on Thursday. Finally, National Bankshares raised their price objective on 5N Plus from C$8.00 to C$8.50 in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, 5N Plus presently has a consensus rating of “Buy” and a consensus target price of C$8.60.

5N Plus Stock Performance

Shares of 5N Plus stock opened at C$6.42 on Wednesday. The firm has a market cap of C$570.87 million, a P/E ratio of 40.13, a P/E/G ratio of 6,283.33 and a beta of 1.55. The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23. 5N Plus has a 12 month low of C$3.33 and a 12 month high of C$7.61. The stock’s fifty day moving average price is C$6.71 and its 200-day moving average price is C$6.41.

Insiders Place Their Bets

In other 5N Plus news, Director Jean-Marie Bourassa purchased 9,000 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$6.75 per share, with a total value 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.