Wall Street Zen Upgrades Lifezone Metals (NYSE:LZM) to “Hold”

Lifezone Metals (NYSE:LZM) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Lifezone Metals Trading Up 0.9%

Shares of Lifezone Metals stock opened at $4.73 on Friday. Lifezone Metals has a 52-week low of $2.90 and a 52-week high of $7.29. The stock has a 50-day simple moving average of $4.42 and a 200-day simple moving average of $4.25.

Institutional Investors Weigh In On Lifezone Metals

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Lifezone Metals by 8.8% during the 2nd quarter. Invesco Ltd. now owns 990,623 shares of the company’s stock valued at $4,081,000 after buying an additional 80,093 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Lifezone Metals by 200.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 201,680 shares of the company’s stock valued at $831,000 after buying an additional 134,655 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Lifezone Metals by 96.1% during the 4th quarter. JPMorgan Chase & Co. now owns 133,356 shares of the company’s stock valued at $927,000 after buying an additional 65,340 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Lifezone Metals by 38.1% during the 1st quarter. Alps Advisors Inc. now owns 102,384 shares of the company’s stock valued at $428,000 after buying an additional 28,242 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in shares of Lifezone Metals during the 4th quarter valued at about $527,000.

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.