BTIG Research Reiterates Buy Rating for Lifezone Metals (NYSE:LZM)

Key Points

• BTIG Research reiterated a "Buy" rating on Lifezone Metals with a $7.00 price target, implying roughly a 94.8% upside from the current share price.
• Analysts are split — Weiss Ratings recently reissued a "Sell (d-)" and MarketBeat shows a consensus Hold rating with an average target of $7.00 (one Buy, one Sell).
• Fundamentals show a small-cap miner (market cap $281M) trading around $3.59 with negative earnings (quarterly EPS -$0.04; forecast -0.32 for the year) and modest revenue, while institutional investors have added some positions.

Lifezone Metals (NYSE:LZM - Get Free Report)'s stock had its "buy" rating reaffirmed by BTIG Research in a research note issued to investors on Friday,Benzinga reports. They presently have a $7.00 price target on the stock. BTIG Research's target price would suggest a potential upside of 94.82% from the company's current price.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Lifezone Metals in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.00.

Lifezone Metals Stock Performance

NYSE:LZM opened at $3.59 on Friday. The stock's fifty day moving average is $4.86 and its 200 day moving average is $4.70. The firm has a market capitalization of $281.22 million, a PE ratio of -0.77 and a beta of 0.65. Lifezone Metals has a fifty-two week low of $2.90 and a fifty-two week high of $6.23.

Lifezone Metals (NYSE:LZM - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.37 million for the quarter. Equities analysts forecast that Lifezone Metals will post -0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in shares of Lifezone Metals by 22.9% in the 1st quarter. Rhumbline Advisers now owns 44,971 shares of the company's stock valued at $188,000 after purchasing an additional 8,376 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Lifezone Metals by 200.9% during the second quarter. Russell Investments Group Ltd. now owns 201,680 shares of the company's stock valued at $831,000 after buying an additional 134,655 shares during the period. Invesco Ltd. increased its holdings in Lifezone Metals by 8.8% during the second quarter. Invesco Ltd. now owns 990,623 shares of the company's stock valued at $4,081,000 after buying an additional 80,093 shares during the period. Jane Street Group LLC bought a new position in Lifezone Metals in the second quarter worth approximately $136,000. Finally, EdgePoint Investment Group Inc. purchased a new stake in Lifezone Metals during the second quarter worth $71,000.

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. The company is based in Ramsey, Isle of Man.

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