Jupiter Asset Management Ltd. Acquires 722,700 Shares of New Pacific Metals Corp. $NEWP

Jupiter Asset Management Ltd. grew its holdings in shares of New Pacific Metals Corp. (NYSEAMERICAN:NEWP) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,176,710 shares of the scientific and technical instruments company’s stock after buying an additional 722,700 shares during the quarter. Jupiter Asset Management Ltd. owned 0.08% of New Pacific Metals worth $46,141,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NEWP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in New Pacific Metals by 10.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,381,595 shares of the scientific and technical instruments company’s stock worth $2,615,000 after acquiring an additional 225,931 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of New Pacific Metals by 28.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 270,081 shares of the scientific and technical instruments company’s stock valued at $298,000 after purchasing an additional 60,014 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of New Pacific Metals in the 2nd quarter worth approximately $44,000. Bank of America Corp DE boosted its holdings in shares of New Pacific Metals by 33.9% in the 2nd quarter. Bank of America Corp DE now owns 64,041 shares of the scientific and technical instruments company’s stock worth $86,000 after purchasing an additional 16,213 shares during the period. Finally, Alps Advisors Inc. increased its position in shares of New Pacific Metals by 115.9% during 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. Institutional investors own 22.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on NEWP shares. ATB Cormark Capital Markets assumed coverage on New Pacific Metals in a research report on Friday, February 20th. They issued a “moderate buy” rating for the company. Roth Mkm reissued a “buy” rating and issued a $7.25 target price on shares of New Pacific Metals in a research note on Monday, May 18th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, New Pacific Metals presently has an average rating of “Buy” and an average target price of $7.25.

New Pacific Metals Stock Performance

Shares of NYSEAMERICAN NEWP opened at $4.95 on Friday. New Pacific Metals Corp. has a fifty-two week low of $1.28 and a fifty-two week high of $6.30. The company has a market cap of $914.51 million, a price-to-earnings ratio of -247.50 and a beta of 0.94. The business’s 50 day moving average price is $4.86 and its 200-day moving average price is $4.05.

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 Potosí 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.