Lifezone Metals (NYSE:LZM) Rating Increased to Hold at Wall Street Zen

Lifezone Metals (NYSE:LZM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

LZM has been the subject of several other research reports. BTIG Research reissued a “buy” rating and set a $7.00 price objective on shares of Lifezone Metals in a research report on Friday, March 20th. Zacks Research raised Lifezone Metals to a “hold” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lifezone Metals presently has an average rating of “Hold” and a consensus target price of $7.00.

Lifezone Metals Stock Performance

Shares of Lifezone Metals stock opened at $5.24 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $447.64 million, a P/E ratio of -1.12 and a beta of 1.26. The business has a fifty day simple moving average of $4.50 and a two-hundred day simple moving average of $4.50. Lifezone Metals has a 12 month low of $3.07 and a 12 month high of $6.40.

Lifezone Metals (NYSE:LZM) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.04) EPS for the quarter. The business had revenue of $0.37 million during the quarter. On average, equities analysts forecast that Lifezone Metals will post -0.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifezone Metals

Several institutional investors and hedge funds have recently modified their holdings of LZM. Invesco Ltd. increased its holdings in shares of Lifezone Metals by 90.9% during the fourth quarter. Invesco Ltd. now owns 2,840,018 shares of the company’s stock valued at $12,127,000 after acquiring an additional 1,352,119 shares in the last quarter. Creative Planning increased its holdings in shares of Lifezone Metals by 260.7% during the third quarter. Creative Planning now owns 392,957 shares of the company’s stock valued at $2,153,000 after acquiring an additional 284,006 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Lifezone Metals by 135.2% during the fourth quarter. Alps Advisors Inc. now owns 306,780 shares of the company’s stock valued at $1,310,000 after acquiring an additional 176,338 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Lifezone Metals by 119.1% during the fourth quarter. Marshall Wace LLP now owns 303,600 shares of the company’s stock valued at $1,296,000 after acquiring an additional 165,035 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Lifezone Metals by 200.9% during the second quarter. Russell Investments Group Ltd. now owns 201,680 shares of the company’s stock valued at $831,000 after acquiring an additional 134,655 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. The company is based in Ramsey, Isle of Man.