New Pacific Metals Corp. (NYSEAMERICAN:NEWP – Get Free Report)’s stock price was down 4.7% during trading on Friday . The company traded as low as $6.45 and last traded at $6.3830. 128,547 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 939,742 shares. The stock had previously closed at $6.70.
Analyst Ratings Changes
Separately, Roth Capital restated a “buy” rating and set a $7.25 target price on shares of New Pacific Metals in a report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, New Pacific Metals has an average rating of “Buy” and a consensus target price of $7.25.
View Our Latest Stock Report on New Pacific Metals
New Pacific Metals Price Performance
Institutional Investors Weigh In On New Pacific Metals
Several institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in shares of New Pacific Metals during the 4th quarter valued at $27,000. Pasadena Private Wealth LLC acquired a new position in New Pacific Metals during the 2nd quarter valued at about $40,000. Dimensional Fund Advisors LP acquired a new position in New Pacific Metals during the 3rd quarter valued at about $32,000. J.W. Cole Advisors Inc. purchased a new stake in New Pacific Metals in the fourth quarter valued at about $53,000. Finally, Hollencrest Capital Management purchased a new stake in New Pacific Metals in the fourth quarter valued at about $63,000. 22.95% of the stock is currently owned by institutional investors and hedge funds.
New Pacific Metals Company Profile
New Pacific Metals Corp., together with its subsidiaries, engages in the exploration and development of mineral properties in Bolivia and Canada. The company explores for silver, gold, lead, and zinc deposits. Its flagship property is the Silver Sand property covering an area of 5.42 square kilometers located in the Potosà Department, Bolivia. The company was formerly known as New Pacific Holdings Corp. and changed its name to New Pacific Metals Corp. in July 2017. New Pacific Metals Corp. is headquartered in Vancouver, Canada.
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