New Pacific Metals (NEWP) currently trades with mixed signals. The stock has been upgraded to Zacks Rank #2 (Buy) due to improved earnings estimates, with analysts projecting a 40% year-over-year improvement in EPS for FY2024, though still negative at -$0.03. Despite this, the company remains pre-revenue, and its valuation largely hinges on speculative growth from its Bolivian projects, which carry geopolitical risks.