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New Pacific Metals ( (TSE:NUAG) ) has provided an update.
New Pacific Metals announced a C$35.1 million bought deal financing agreement with Raymond James Ltd. and BMO Capital Markets. The proceeds will be used for exploration and development at its Carangas and Silver Sand projects, as well as for working capital and general corporate purposes. Silvercorp Metals Inc. plans to participate in the offering, which will result in it owning approximately 28.05% of New Pacific’s outstanding shares. The offering is expected to close on October 21, 2025, pending regulatory approvals.
The most recent analyst rating on (TSE:NUAG) stock is a Buy with a C$3.40 price target. To see the full list of analyst forecasts on New Pacific Metals stock, see the TSE:NUAG Stock Forecast page.
Spark’s Take on TSE:NUAG Stock
According to Spark, TipRanks’ AI Analyst, TSE:NUAG is a Underperform.
New Pacific Metals faces significant financial challenges with no revenue and ongoing losses typical of exploration-stage mining companies. While the absence of debt and a strong equity position are positives, the negative cash flow and lack of technical momentum weigh heavily on its score. The valuation is difficult due to negative earnings, making the stock a high-risk investment.
To see Spark’s full report on TSE:NUAG stock, click here.
More about New Pacific Metals
New Pacific Metals is a Canadian exploration and development company focused on precious metal projects in Bolivia, including its flagship Silver Sand Silver Project, the Carangas Silver-Gold Project, and the Silverstrike Silver-Gold Project.
Average Trading Volume: 100,817
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$609.4M
See more data about NUAG stock on TipRanks’ Stock Analysis page.