RE:Big haircut todayHere are the reasons for the drop.
5N Plus (
TSE:VNP) was downgraded by analysts at National Bank, Inc. from an "outperform" rating to a "sector perform" rating. They now have a C$2.50 price target on the stock, down previously from C$4.25.This represents a 93.8% upside from the current price of C$1.29.
Laurentian has these headlines
05 mai 2022
VNP Q1-22 Initial Take—Quarter Impacted by Multiple Headwinds
then 05 mai 2022
VNP Q1-22 Impacted by Multiple Headwinds; Reducing TP to $2.50 I think this may be an overeaction - an illquid stock hit by two downgrades ( Quebec firms) on the same day . Results don't seem that bad - the world is an uncertain place ; then again I have not
heard the conference call.