New Pacific Metals price target raised to $7.25 from $6 at Roth Capital

Roth Capital raised the firm’s price target on New Pacific Metals (NEWP) to $7.25 from $6 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect the impact of higher silver prices, also stating that the company’s recent earnings were uneventful, the analyst tells investors in a research note. Roth adds that the firm believes New Pacific has an undervalued asset portfolio.