Lifezone Metals (NYSE:LZM) Cut to Sell at Wall Street Zen

Lifezone Metals (NYSE:LZM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Lifezone Metals in a research note on Tuesday, June 9th. Zacks Research upgraded shares of Lifezone Metals to a “hold” rating in a research note on Wednesday, May 6th. Finally, BTIG Research reiterated a “buy” rating and set a $7.00 price target on shares of Lifezone Metals in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.00.

Lifezone Metals Price Performance

LZM stock opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $413.44 million, a P/E ratio of -1.04 and a beta of 1.22. The business’s 50-day moving average is $4.82 and its two-hundred day moving average is $4.57. Lifezone Metals has a 1 year low of $3.07 and a 1 year high of $6.40.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc acquired a new stake in shares of Lifezone Metals during the 4th quarter worth about $49,000. Ellevest Inc. purchased a new stake in Lifezone Metals during the fourth quarter worth approximately $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Lifezone Metals in the third quarter valued at approximately $71,000. Virtu Financial LLC acquired a new position in Lifezone Metals in the third quarter valued at approximately $83,000. Finally, Renaissance Technologies LLC acquired a new position in Lifezone Metals in the fourth quarter valued at approximately $95,000.

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.