Analysts Say That New Pacific Metals Corp (AMEX:NEWP) Is Likely To Make It To 3.4 In 12 Months

In last trading session, New Pacific Metals Corp (AMEX:NEWP) saw 0.32 million shares changing hands with its beta currently measuring 0.85. Company’s recent per share price level of $1.26 trading at $0.01 or 0.80% at ring of the bell on the day assigns it a market valuation of $216.09M. That closing price of NEWP’s stock is at a discount of -100.79% from its 52-week high price of $2.53 and is indicating a premium of 26.19% from its 52-week low price of $0.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.33 million shares which gives us an average trading volume of 252.74K if we extend that period to 3-months.

New Pacific Metals Corp (AMEX:NEWP) trade information

Upright in the green during last session for gaining 0.80%, in the last five days NEWP remained trading in the green while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $1.26 price level, adding 4.55% to its value on the day. New Pacific Metals Corp’s shares saw a change of 6.78% in year-to-date performance and have moved 16.67% in past 5-day. New Pacific Metals Corp (AMEX:NEWP) showed a performance of 7.69% in past 30-days. Number of shares sold short was 0.9 million shares which calculate 3.76 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.4 to the stock, which implies a rise of 62.94% to its current value. Analysts have been projecting 3.4 as a low price target for the stock while placing it at a high target of 3.4. It follows that stock’s current price would drop -169.84% in reaching the projected high whereas dropping to the targeted low would mean a loss of -169.84% for stock’s current value.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.25% during past 5 years.

New Pacific Metals Corp (AMEX:NEWP)’s Major holders

Insiders are in possession of 46.12% of company’s total shares while institution are holding 15.90 percent of that, with stock having share float percentage of 29.50%. Investors also watch the number of corporate investors in a company very closely, which is 15.90% institutions for New Pacific Metals Corp that are currently holding shares of the company. JUPITER ASSET MANAGEMENT LTD is the top institutional holder at NEWP for having 10.69 million shares of worth $16.1 million. And as of 2024-06-30, it was holding 6.3729 of the company’s outstanding shares.

The second largest institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., which was holding about 2.53 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.5077 of outstanding shares, having a total worth of $3.81 million.

On the other hand, Global X Fds-Global X Silver Miners ETF and Sprott Energy Transition Materials ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 1.91 shares of worth $2.41 million or 1.11% of the total outstanding shares. The later fund manager was in possession of 31.07 shares on Dec 31, 2024 , making its stake of worth around $39141.0 in the company or a holder of 0.02% of company’s stock.