New Pacific Metals Corp. $NEWP is Equinox Partners Investment Management LLC’s 3rd Largest Position

Equinox Partners Investment Management LLC raised its holdings in New Pacific Metals Corp. (NYSEAMERICAN:NEWP) by 18.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,700,045 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,044,000 shares during the period. New Pacific Metals makes up approximately 11.3% of Equinox Partners Investment Management LLC’s investment portfolio, making the stock its 3rd largest position. Equinox Partners Investment Management LLC owned about 3.63% of New Pacific Metals worth $27,781,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Barclays PLC purchased a new stake in shares of New Pacific Metals in the fourth quarter valued at approximately $27,000. Dimensional Fund Advisors LP purchased a new position in New Pacific Metals during the third quarter worth approximately $32,000. Jane Street Group LLC purchased a new position in New Pacific Metals during the second quarter worth approximately $44,000. Virtu Financial LLC acquired a new position in New Pacific Metals during the third quarter worth $50,000. Finally, J.W. Cole Advisors Inc. acquired a new position in New Pacific Metals during the fourth quarter worth $53,000. 22.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, 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. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $7.25.

New Pacific Metals Price Performance

Shares of NEWP stock opened at $4.02 on Wednesday. The company has a market capitalization of $742.69 million, a PE ratio of -201.00 and a beta of 0.90. The firm’s 50-day moving average is $4.89 and its two-hundred day moving average is $4.35. New Pacific Metals Corp. has a 12 month low of $1.36 and a 12 month high of $6.30.

New Pacific Metals Profile

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.