With over 0.13 million New Pacific Metals Corp. (NEWP) shares trading Monday and a closing price of $2.61 on the day, the dollar volume was approximately $0.34 million. The shares have shown a negative half year performance of -1.88% and its price on 01/23/23 lost nearly -0.76%. Currently, there are 156.72M common shares owned by the public and among those 84.37M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for NEWP have a consensus price objective of $3.82. The analysts have set the share’s price value over the next 12 months at a high of $4.75 and a low of $3.17. But an upside of 45.05% will see the stock hit the forecast high price target while median target price for the stock is $3.55.
The top 3 mutual fund holders in New Pacific Metals Corp. are VanEck Junior Gold Miners ETF, Jupiter Asset Mgmt. Series Plc -, and Global X Silver Miners ETF. VanEck Junior Gold Miners ETF owns 4.27 million shares of the company’s stock, all valued at over $9.61 million. Jupiter Asset Mgmt. Series Plc – bought 0.17 million shares to see its total holdings expand to 3.51 million shares valued at over $7.91 million and representing 2.24% of the shares outstanding. Global X Silver Miners ETF now owns shares totaling to 1.51% of the shares outstanding.
Shares of New Pacific Metals Corp. (AMEX: NEWP) opened at $2.65, up $0.02 from a prior closing price of $2.63. However, the script later moved the day high at 2.6600, down -0.76%. The company’s stock has a 5-day price change of -4.04% and 26.09% over the past three months. NEWP shares are trading 16.00% year to date (YTD), with the 12-month market performance down to -15.26% lower. It has a 12-month low price of $1.89 and touched a high of $4.35 over the same period. NEWP has an average intraday trading volume of 122.56K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.99%, 11.03%, and -2.68% respectively.
Institutional ownership of New Pacific Metals Corp. (AMEX: NEWP) shares accounts for 14.54% of the company’s 156.72M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $409.05M. The earnings-per-share (ttm) stands at -$0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.15% over the week and 6.83% over the month.
Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”