Lifezone Metals (NYSE:LZM) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Lifezone Metals (NYSE:LZM) to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Separately, BTIG Research restated a “buy” rating and set a $7.00 target price on shares of Lifezone Metals in a report on Friday, March 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lifezone Metals currently has a consensus rating of “Hold” and an average price target of $7.00.

Lifezone Metals Stock Performance

Shares of Lifezone Metals stock opened at $5.65 on Wednesday. The business has a 50-day moving average of $4.25 and a 200 day moving average of $4.46. Lifezone Metals has a 12 month low of $3.06 and a 12 month high of $6.40. The stock has a market capitalization of $483.47 million, a price-to-earnings ratio of -1.21 and a beta of 1.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46.

Lifezone Metals (NYSE:LZM) last announced its earnings results on Friday, March 20th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.37 million during the quarter. As a group, sell-side analysts forecast that Lifezone Metals will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Lifezone Metals

A number of hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its position in Lifezone Metals by 1.9% in the 1st quarter. Jennison Associates LLC now owns 789,674 shares of the company’s stock valued at $2,653,000 after purchasing an additional 14,506 shares in the last quarter. Invesco Ltd. raised its position in Lifezone Metals by 90.9% in the 4th quarter. Invesco Ltd. now owns 2,840,018 shares of the company’s stock valued at $12,127,000 after purchasing an additional 1,352,119 shares in the last quarter. EdgePoint Investment Group Inc. raised its position in Lifezone Metals by 32.4% in the 4th quarter. EdgePoint Investment Group Inc. now owns 37,659 shares of the company’s stock valued at $161,000 after purchasing an additional 9,222 shares in the last quarter. Russell Investments Group Ltd. raised its position in Lifezone Metals by 7.0% in the 4th quarter. Russell Investments Group Ltd. now owns 269,460 shares of the company’s stock valued at $1,151,000 after purchasing an additional 17,718 shares in the last quarter. Finally, Barclays PLC raised its position in Lifezone Metals by 5.1% in the 4th quarter. Barclays PLC now owns 55,097 shares of the company’s stock valued at $235,000 after purchasing an additional 2,666 shares in the last quarter.

About Lifezone Metals

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company’s products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.