Lifezone Metals (NYSE:LZM – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.
Lifezone Metals Trading Down 0.4%
Shares of LZM opened at $4.55 on Friday. Lifezone Metals has a fifty-two week low of $2.90 and a fifty-two week high of $7.29. The firm has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.33.
Institutional Investors Weigh In On Lifezone Metals
Several hedge funds have recently made changes to their positions in LZM. JPMorgan Chase & Co. boosted its stake in shares of Lifezone Metals by 96.1% during the fourth quarter. JPMorgan Chase & Co. now owns 133,356 shares of the company’s stock worth $927,000 after buying an additional 65,340 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Lifezone Metals by 27.7% during the fourth quarter. Wells Fargo & Company MN now owns 21,483 shares of the company’s stock worth $149,000 after buying an additional 4,666 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Lifezone Metals by 236.5% during the fourth quarter. Russell Investments Group Ltd. now owns 145,300 shares of the company’s stock worth $1,010,000 after buying an additional 102,126 shares during the period. Bank of Montreal Can acquired a new stake in shares of Lifezone Metals during the fourth quarter worth about $176,000. Finally, Invesco Ltd. raised its holdings in Lifezone Metals by 2.5% during the fourth quarter. Invesco Ltd. now owns 693,429 shares of the company’s stock worth $4,819,000 after purchasing an additional 16,685 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.
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