New Pacific Metals price target raised to $4.25 from $3.40 at Roth Capital

Roth Capital analyst Joe Reagor raised the firm’s price target on New Pacific Metals (NEWP) to $4.25 from $3.40 and keeps a Buy rating on the shares. The company provided a corporate update on its progress at its two key projects, and the firm has noted that there had been minimal updates from management throughout 2025, adding that it had believed it was prudent to withhold from updating its outlook until the management provided an in-depth update. The firm is increasing its price target mainly due to a higher valuation of Carangas, though the price target increase was partially offset by dilution from the company’s October equity financing and year to date expenditures.