Helikon Investments Ltd purchased a new stake in New Pacific Metals Corp. (NYSEAMERICAN:NEWP – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,293,539 shares of the scientific and technical instruments company’s stock, valued at approximately $8,050,000. New Pacific Metals comprises approximately 0.4% of Helikon Investments Ltd’s portfolio, making the stock its 15th biggest holding.
Other hedge funds and other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of New Pacific Metals by 42.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,992,253 shares of the scientific and technical instruments company’s stock worth $10,788,000 after purchasing an additional 1,180,666 shares during the last quarter. Alps Advisors Inc. lifted its stake in New Pacific Metals by 115.9% in the 3rd quarter. Alps Advisors Inc. now owns 2,026,168 shares of the scientific and technical instruments company’s stock valued at $5,491,000 after purchasing an additional 1,087,750 shares during the last quarter. Sprott Inc. grew its holdings in New Pacific Metals by 1.1% during the third quarter. Sprott Inc. now owns 1,296,531 shares of the scientific and technical instruments company’s stock worth $3,505,000 after purchasing an additional 13,947 shares during the period. Goldman Sachs Group Inc. grew its holdings in New Pacific Metals by 28.6% during the first quarter. Goldman Sachs Group Inc. now owns 270,081 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 60,014 shares during the period. Finally, Trek Financial LLC acquired a new position in New Pacific Metals during the fourth quarter worth approximately $799,000. Institutional investors own 22.95% of the company’s stock.
New Pacific Metals Stock Down 4.3%
Shares of NYSEAMERICAN:NEWP opened at $5.33 on Friday. New Pacific Metals Corp. has a 12-month low of $1.11 and a 12-month high of $6.30. The business has a 50 day moving average of $4.81 and a 200-day moving average of $3.87. The stock has a market cap of $984.72 million, a PE ratio of -266.50 and a beta of 0.94.
Analyst Ratings Changes
View Our Latest Stock Report on NEWP
About New Pacific Metals
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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