Lifezone Metals (NYSE:LZM) Given Buy Rating at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Lifezone Metals (NYSE:LZM) in a research report sent to investors on Wednesday morning,Benzinga reports. Roth Mkm currently has a $14.00 target price on the stock.

Lifezone Metals Stock Down 0.1 %

LZM traded down $0.01 during trading on Wednesday, hitting $6.70. 17,935 shares of the company traded hands, compared to its average volume of 108,685. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.08. Lifezone Metals has a one year low of $4.52 and a one year high of $9.97. The stock’s fifty day moving average is $6.67 and its 200 day moving average is $7.09.

Institutional Investors Weigh In On Lifezone Metals

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new position in Lifezone Metals during the second quarter valued at $836,000. State Street Corp increased its holdings in Lifezone Metals by 14.8% in the 3rd quarter. State Street Corp now owns 381,229 shares of the company’s stock worth $2,669,000 after acquiring an additional 49,197 shares during the last quarter. Rhumbline Advisers bought a new stake in Lifezone Metals in the 2nd quarter valued at about $306,000. Barclays PLC lifted its holdings in Lifezone Metals by 275.9% during the third quarter. Barclays PLC now owns 48,032 shares of the company’s stock valued at $336,000 after purchasing an additional 35,253 shares during the last quarter. Finally, Creative Planning purchased a new stake in Lifezone Metals during the third quarter valued at about $174,000.

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.