CA - New Pacific Metals: Good Prospects But Wait For The Dips

2024-06-16 13:40:35 ET

Summary

• [SUMMARY].
• Reiterate "Buy" recommendation for New Pacific Metals Corp. shares due to positive correlation with silver prices.
• Stocks' prices are likely to dip due to the US interest rate "higher-for-longer" by the US Federal Reserve, providing buying opportunities for investors.
• Company's flagship Silver Sand project in Bolivia shows promising profitability and potential for significant upside in the long term.
• When stocks' prices are on the upside mode, they deliver solid margins, but investors must buy when prices form a dip.

A Buy Rating for New Pacific Metals Corp.

We do not change the rating for the shares of the Vancouver, Canada-based explorer and developer of Bolivian silver assets New Pacific Metals Corp. ( NEWP ) ( NUAG:CA ) and reiterate the “Buy” recommendation, as encouraged by the results so far achieved from previous analysis ....

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