BTIG Research Reaffirms “Buy” Rating for Lifezone Metals (NYSE:LZM)

Lifezone Metals (NYSE:LZM)‘s stock had its “buy” rating reissued by equities research analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $7.00 target price on the stock. BTIG Research’s price objective would indicate a potential upside of 113.74% from the company’s current price.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lifezone Metals in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.00.

Lifezone Metals Stock Down 8.8%

Shares of LZM stock opened at $3.28 on Friday. Lifezone Metals has a 12-month low of $2.90 and a 12-month high of $6.23. The stock’s 50-day moving average price is $4.82 and its 200-day moving average price is $4.69.

Lifezone Metals (NYSE:LZM) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.37 million during the quarter. Equities research analysts predict that Lifezone Metals will post -0.32 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC raised its position in Lifezone Metals by 5.1% during the fourth quarter. Barclays PLC now owns 55,097 shares of the company’s stock valued at $235,000 after purchasing an additional 2,666 shares during the period. Intech Investment Management LLC lifted its stake in shares of Lifezone Metals by 23.0% in the 3rd quarter. Intech Investment Management LLC now owns 20,795 shares of the company’s stock valued at $114,000 after purchasing an additional 3,894 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lifezone Metals by 50.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,826 shares of the company’s stock worth $109,000 after purchasing an additional 6,619 shares during the period. Deutsche Bank AG boosted its holdings in shares of Lifezone Metals by 32.2% in the 4th quarter. Deutsche Bank AG now owns 31,982 shares of the company’s stock worth $137,000 after purchasing an additional 7,781 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Lifezone Metals by 22.9% during the 1st quarter. Rhumbline Advisers now owns 44,971 shares of the company’s stock valued at $188,000 after purchasing an additional 8,376 shares during the last quarter.

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. The company is based in Ramsey, Isle of Man.