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

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

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

Lifezone Metals Trading Up 0.1%

LZM stock opened at $3.73 on Friday. Lifezone Metals has a one year low of $3.07 and a one year high of $6.40. The stock has a market cap of $319.38 million, a price-to-earnings ratio of -0.80 and a beta of 1.26. The company has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LZM. CIBC Asset Management Inc acquired a new stake in shares of Lifezone Metals during the fourth quarter worth $49,000. Ellevest Inc. acquired a new position in shares of Lifezone Metals in the fourth quarter valued at about $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Lifezone Metals during the third quarter worth about $71,000. Virtu Financial LLC bought a new position in Lifezone Metals during the third quarter worth about $83,000. Finally, Renaissance Technologies LLC acquired a new stake in Lifezone Metals in the 4th quarter worth about $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.