5N Plus (TSE:VNP) Price Target Cut to C$4.00

5N Plus (TSE:VNP) had its target price reduced by National Bank Financial from C$4.25 to C$4.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for 5N Plus’ Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.12 EPS and FY2020 earnings at $0.30 EPS.

Separately, Cormark decreased their target price on 5N Plus from C$5.15 to C$4.50 in a report on Friday, May 3rd.

5N Plus stock opened at C$2.18 on Monday. The company has a debt-to-equity ratio of 52.62, a current ratio of 3.58 and a quick ratio of 1.25. 5N Plus has a 52 week low of C$2.12 and a 52 week high of C$3.83. The firm has a market capitalization of $185.99 million and a P/E ratio of 18.79. The business’s 50-day moving average price is C$2.60.

5N Plus (TSE:VNP) last released its earnings results on Tuesday, April 30th. The company reported C($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.06 by C($0.07). The company had revenue of C$68.36 million during the quarter, compared to analysts’ expectations of C$72.50 million. On average, analysts expect that 5N Plus will post 0.21 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc produces and sells specialty chemicals and engineered materials in Europe, Asia, the Americas, and internationally. It operates in two segments, Electronic Materials and Eco-Friendly Materials. The Electronic Materials segment manufactures and sells refined metals, compounds, and alloys, which are primarily used in a range of electronic applications covering various end-markets consisting of security, aerospace, sensing and imaging, renewable energy, and technical materials; and provides recycling services.

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