Lifezone Metals (NYSE:LZM – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at Roth Mkm in a research report issued on Wednesday,Benzinga reports. They currently have a $14.00 price objective on the stock. Roth Mkm’s price target would suggest a potential upside of 108.02% from the stock’s previous close.
Lifezone Metals Stock Up 0.3 %
LZM opened at $6.73 on Wednesday. Lifezone Metals has a 52 week low of $4.52 and a 52 week high of $9.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.09. The business has a fifty day simple moving average of $6.68 and a 200-day simple moving average of $7.09.
Hedge Funds Weigh In On Lifezone Metals
Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC boosted its stake in shares of Lifezone Metals by 15.5% in the third quarter. Jane Street Group LLC now owns 15,749 shares of the company’s stock valued at $110,000 after purchasing an additional 2,118 shares during the period. SG Americas Securities LLC purchased a new stake in Lifezone Metals during the 3rd quarter worth approximately $84,000. MetLife Investment Management LLC lifted its holdings in Lifezone Metals by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,097 shares of the company’s stock worth $155,000 after buying an additional 12,451 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Lifezone Metals in the 2nd quarter valued at approximately $124,000. Finally, Creative Planning acquired a new position in shares of Lifezone Metals in the third quarter worth $174,000.
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.
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