Lifezone Metals’ (LZM) “Buy” Rating Reaffirmed at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Lifezone Metals (NYSE:LZM) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $14.00 price target on the stock.

Lifezone Metals Trading Down 2.5 %

NYSE LZM opened at $6.56 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Lifezone Metals has a 52 week low of $4.52 and a 52 week high of $9.97. The business’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $7.09.

Institutional Trading of Lifezone Metals

Several hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Lifezone Metals by 275.9% in the third quarter. Barclays PLC now owns 48,032 shares of the company’s stock valued at $336,000 after acquiring an additional 35,253 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Lifezone Metals by 15.5% in the 3rd quarter. Jane Street Group LLC now owns 15,749 shares of the company’s stock valued at $110,000 after purchasing an additional 2,118 shares during the last quarter. State Street Corp grew its holdings in shares of Lifezone Metals by 14.8% during the 3rd quarter. State Street Corp now owns 381,229 shares of the company’s stock worth $2,669,000 after purchasing an additional 49,197 shares during the period. MetLife Investment Management LLC increased its position in shares of Lifezone Metals by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,097 shares of the company’s stock worth $155,000 after purchasing an additional 12,451 shares during the last quarter. Finally, Creative Planning purchased a new stake in Lifezone Metals in the 3rd quarter valued at about $174,000.

Lifezone Metals Company 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.