In the latest trading session, 0.55 million New Pacific Metals Corp (AMEX:NEWP) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $1.77 changed hands at -$0.09 or -4.84% at last look, the market valuation stands at $303.50M. NEWP’s current price is a discount, trading about -42.94% off its 52-week high of $2.53. The share price had its 52-week low at $0.87, which suggests the last value was 50.85% up since then. When we look at New Pacific Metals Corp’s average trading volume, we note the 10-day average is 0.24 million shares, with the 3-month average coming to 266.18K.
New Pacific Metals Corp (AMEX:NEWP) trade information
Instantly NEWP was in red as seen in intraday trades today. With action 14.56%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.33%, with the 5-day performance at 14.56% in the green. However, in the 30-day time frame, New Pacific Metals Corp (AMEX:NEWP) is 27.34% up. Looking at the short shares, we see there were 0.81 million shares sold at short interest cover period of 2.77 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 3.4, meaning bulls need an upside of 47.94% from its recent market value. According to analyst projections, NEWP’s forecast low is 3.4 with 3.4 as the target high. To hit the forecast high, the stock’s price needs a -92.09% plunge from its current level, while the stock would need to soar -92.09% for it to hit the projected low.
New Pacific Metals Corp (NEWP) estimates and forecasts
Data shows that the New Pacific Metals Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.75% over the past 6 months, a 25.00% in annual growth rate that is considerably higher than the industry average of 15.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.25%. The 2024 estimates are for New Pacific Metals Corp earnings to increase by 28.29%.
NEWP Dividends
New Pacific Metals Corp is expected to release its next quarterly earnings report on 2024-Nov-05.
New Pacific Metals Corp (AMEX:NEWP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 46.19% of New Pacific Metals Corp shares while 15.38% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 28.59%. There are 15.38% institutions holding the New Pacific Metals Corp stock share, with JUPITER ASSET MANAGEMENT LTD the top institutional holder. As of 2024-06-30, the company held 6.2451% of the shares, roughly 10.69 million NEWP shares worth $16.1 million.
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds the second largest percentage of outstanding shares, with 1.4775% or 2.53 million shares worth $3.81 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Global X Fds-Global X Silver Miners ETF and Sprott Energy Transition Materials ETF. With 2.3 shares estimated at $4.12 million under it, the former controlled 1.34% of total outstanding shares. On the other hand, Sprott Energy Transition Materials ETF held about 0.01% of the shares, roughly 15.54 shares worth around $27784.0.
