Jennison Associates LLC Acquires New Position in Lifezone Metals Limited (NYSE:LZM)

Jennison Associates LLC bought a new position in shares of Lifezone Metals Limited (NYSE:LZM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 481,650 shares of the company’s stock, valued at approximately $4,354,000.

Separately, Invesco Ltd. purchased a new stake in shares of Lifezone Metals during the third quarter valued at $7,021,000.

Lifezone Metals Stock Up 0.7 %

LZM opened at $8.26 on Friday. The firm has a 50 day moving average of $6.94 and a two-hundred day moving average of $7.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 4.29. Lifezone Metals Limited has a 12-month low of $4.52 and a 12-month high of $19.92.

Wall Street Analysts Forecast Growth

Separately, BTIG Research reduced their target price on Lifezone Metals from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd.

Lifezone Metals Profile

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.