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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For further details see:
New Pacific Metals: Good Prospects, But Wait For The Dips