Roth Mkm Reiterates “Buy” Rating for Lifezone Metals (NYSE:LZM)

Lifezone Metals (NYSE:LZM)‘s stock had its “buy” rating restated by equities researchers at Roth Mkm in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $14.00 price objective on the stock. Roth Mkm’s target price would suggest a potential upside of 99.71% from the company’s current price.

Separately, BTIG Research dropped their price objective on Lifezone Metals from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd.

Lifezone Metals Trading Up 1.3 %

Shares of Lifezone Metals stock traded up $0.09 during trading on Wednesday, hitting $7.01. 47,577 shares of the stock were exchanged, compared to its average volume of 63,640. The firm’s 50-day moving average price is $7.38 and its 200 day moving average price is $7.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 4.29. Lifezone Metals has a 12-month low of $4.52 and a 12-month high of $19.92.

Institutional Investors Weigh In On Lifezone Metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LZM. Jennison Associates LLC boosted its stake in Lifezone Metals by 2.4% during the 1st quarter. Jennison Associates LLC now owns 493,118 shares of the company’s stock worth $3,782,000 after purchasing an additional 11,468 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Lifezone Metals in the 4th quarter valued at about $181,000. Invesco Ltd. purchased a new stake in Lifezone Metals during the 3rd quarter valued at approximately $7,021,000. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Lifezone Metals during the 3rd quarter worth approximately $31,263,000.

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.