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Target Price Raised on Metals Firm Following Drill Results




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Target Price Raised on Metals Firm Following Drill Results

Source:Streetwise Reports

June 11, 2019 (Investorideas.com Newswire) The intercepts and their implications are discussed in a ROTH Capital Partners report.


In a June 7 research note, analyst Joe Reagor reported that ROTH Capital Partners increased its target price onNew Pacific Metals Corp. (NUAG:TSX.V; NUPMF:OTCQX)to CA$3.50 per share from CA$3 on news of positive, high-grade drill results out of Silver Sand in Bolivia. The stock is currently trading at around CA$2.02 per share.

Earlier in the week, New Pacific announced the results of the first eight holes, infill holes, from its 2019 drill program at Silver Sand, and they confirmed "the grade and thickness of the deposit," Reagor indicated.

The highlight intercept was 169 grams per ton (169 g/t) of silver over 144.2 meters (144.2m). The average total intercept of the holes was 95.4 m per hole with an average grade of 114.7 g/t silver. "The holes showed better grades and thickness than the averages we saw in the 195 holes last year," Reagor commented.

Upcoming catalysts for New Pacific Metals include the release of additional results, which are expected throughout the year, but the most significant one, according to Reagor, is release of an initial resource estimate due out later in 2019. "We expect to see the company's share price rise significantly over the remainder of the year as it provides a steady flow of results," the analyst noted, adding that the recent increase in precious metals prices could help buoy the stock at a higher level.

ROTH has a Buy rating on New Pacific Metals.

Disclosure:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Clickherefor important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legaldisclaimer . This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of New Pacific Metals, a company mentioned in this article.

Disclosures from ROTH Capital Partners, New Pacific Metals Corp., Company Note, June 7, 2019

Regulation Analyst Certification ("Reg AC"): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

An Associated Person owns debt or equity securities of New Pacific Metals Corp.

Shares of New Pacific Metals Corp. and Silvercorp Metals Inc. may be subject to the Securities and Exchange Commission's Penny Stock Rules, which may set forth sales practice requirements for certain low-priced securities.

ROTH makes a market in shares of Silvercorp Metals Inc. and as such, buys and sells from customers on a principal basis.

ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months.

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Target Price Raised on Metals Firm Following Drill Results

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