Wall Street is positive on New Pacific Metals Corp (NEWP). On average, analysts give NEWP a Strong Buy rating. The average price target is $4.22, which means analysts expect the stock to add by 6.84% over the next twelve months.
That average ranking earns NEWP an Analyst Rating of 74, which is better than 74% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating NEWP a Strong Buy today. Find out what this means to you and get the rest of the rankings on NEWP!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With New Pacific Metals Corp Stock Today?
New Pacific Metals Corp (NEWP) stock is lower by -5.95% while the S&P 500 has risen 0.11% as of 10:41 AM on Monday, Nov 15. NEWP has fallen -$0.25 from the previous closing price of $4.20 on volume of 48,462 shares. Over the past year the S&P 500 has gained 29.25% while NEWP has fallen -25.89%. NEWP lost $0.78 per share the over the last 12 months.
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