Jennison Associates LLC Has $3.78 Million Stock Position in Lifezone Metals Limited (NYSE:LZM)

Jennison Associates LLC increased its stake in shares of Lifezone Metals Limited (NYSE:LZMFree Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 493,118 shares of the company’s stock after purchasing an additional 11,468 shares during the period. Jennison Associates LLC’s holdings in Lifezone Metals were worth $3,782,000 as of its most recent SEC filing.

Separately, Brown Brothers Harriman & Co. bought a new stake in shares of Lifezone Metals in the 4th quarter valued at about $181,000.

Analyst Upgrades and Downgrades

LZM has been the subject of a number of analyst reports. BTIG Research decreased their price objective on shares of Lifezone Metals from $14.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Roth Mkm reissued a “buy” rating and issued a $14.00 price target on shares of Lifezone Metals in a report on Wednesday, May 15th.

View Our Latest Stock Analysis on LZM

Lifezone Metals Stock Performance

NYSE LZM opened at $8.38 on Wednesday. The company has a quick ratio of 4.29, a current ratio of 4.30 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $8.00 and its 200-day moving average is $7.33. Lifezone Metals Limited has a one year low of $4.52 and a one year high of $19.12.

Lifezone Metals (NYSE:LZMGet Free Report) last announced its earnings results on Monday, May 13th. The company reported ($0.05) EPS for the quarter. The business had revenue of $41.39 million for the quarter. On average, equities research analysts anticipate that Lifezone Metals Limited will post -0.27 earnings per share for the current fiscal year.

Lifezone Metals Profile

(Free Report)

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.

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