New Pacific Metals price target lowered to $5 from $6 at Roth MKM

Roth MKM analyst Joe Reagor lowered the firm’s price target on New Pacific Metals to $5 from $6 and keeps a Buy rating on the shares. The company’s Pre-Feasibility Study of the Silver Sand Project confirmed that Silver Sand has robust economics, but market valuations for precious metal exploration companies have remained weak despite improved commodity prices, the analyst tells investors in a research note.