Equinox Partners Investment Management LLC Purchases 2,829,376 Shares of New Pacific Metals Corp. $NEWP

Equinox Partners Investment Management LLC boosted its position in New Pacific Metals Corp. (NYSEAMERICAN:NEWP) by 100.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,656,045 shares of the scientific and technical instruments company’s stock after buying an additional 2,829,376 shares during the period. New Pacific Metals makes up 10.3% of Equinox Partners Investment Management LLC’s holdings, making the stock its 5th biggest holding. Equinox Partners Investment Management LLC owned about 3.29% of New Pacific Metals worth $19,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NEWP. Helikon Investments Ltd acquired a new position in New Pacific Metals in the fourth quarter valued at $8,050,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in New Pacific Metals by 42.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,992,253 shares of the scientific and technical instruments company’s stock valued at $10,788,000 after buying an additional 1,180,666 shares during the period. Alps Advisors Inc. lifted its holdings in New Pacific Metals by 42.1% in the fourth quarter. Alps Advisors Inc. now owns 2,878,543 shares of the scientific and technical instruments company’s stock valued at $10,104,000 after buying an additional 852,375 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in New Pacific Metals by 5.8% in the fourth quarter. Jupiter Asset Management Ltd. now owns 13,176,710 shares of the scientific and technical instruments company’s stock valued at $46,141,000 after buying an additional 722,700 shares during the period. Finally, Trek Financial LLC acquired a new position in New Pacific Metals in the fourth quarter valued at $799,000. Institutional investors and hedge funds own 22.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEWP. Roth Mkm restated a “buy” rating and issued a $7.25 target price on shares of New Pacific Metals in a report on Monday, May 18th. ATB Cormark Capital Markets began coverage on shares of New Pacific Metals in a report on Friday, February 20th. They issued a “moderate buy” rating on the stock. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, New Pacific Metals currently has an average rating of “Buy” and a consensus price target of $7.25.

New Pacific Metals Price Performance

NEWP opened at $4.59 on Thursday. New Pacific Metals Corp. has a fifty-two week low of $1.28 and a fifty-two week high of $6.30. The firm has a market capitalization of $848.00 million, a PE ratio of -229.50 and a beta of 0.90. The company’s 50-day moving average is $5.06 and its 200 day moving average is $4.27.

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.