Lifezone Metals’ (LZM) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Lifezone Metals (NYSE:LZM) in a research note published on Friday morning,Benzinga reports. The firm currently has a $7.00 target price on the stock.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lifezone Metals in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Lifezone Metals Price Performance

LZM stock opened at $3.28 on Friday. The company’s 50-day moving average price is $4.82 and its two-hundred day moving average price is $4.69. The firm has a market cap of $256.33 million, a P/E ratio of -0.70 and a beta of 0.65. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.02. Lifezone Metals has a 12 month low of $2.90 and a 12 month high of $6.23.

Lifezone Metals (NYSE:LZM) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.37 million for the quarter. On average, analysts anticipate that Lifezone Metals will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LZM. CIBC Asset Management Inc acquired a new stake in shares of Lifezone Metals during the 4th quarter valued at $49,000. Ellevest Inc. bought a new stake in Lifezone Metals during the 4th quarter worth $59,000. Ballentine Partners LLC acquired a new position in Lifezone Metals in the 3rd quarter worth about $66,000. EdgePoint Investment Group Inc. acquired a new position in Lifezone Metals in the 2nd quarter worth about $71,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Lifezone Metals in the third quarter valued at about $71,000.

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