Lifezone Metals' (LZM) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Lifezone Metals' stock maintains a "Sell (D-)" rating from Weiss Ratings, indicating concerns about its performance.
• Wall Street Zen has upgraded Lifezone Metals from a "sell" to a "hold" rating", while the company has a consensus price target of $14.00.
• The company specializes in the extraction and refining of lower-carbon metals for the battery storage, EV, and hydrogen markets, with its flagship project located in Tanzania.

Lifezone Metals (NYSE:LZM - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Lifezone Metals from a "sell" rating to a "hold" rating in a research report on Sunday, August 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.00.

Lifezone Metals Stock Performance

Shares of NYSE:LZM opened at $5.82 on Wednesday. The business has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.23. Lifezone Metals has a twelve month low of $2.90 and a twelve month high of $7.29.

Hedge Funds Weigh In On Lifezone Metals

Hedge funds have recently modified their holdings of the stock. 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 worth $188,000 after buying an additional 8,376 shares in the last quarter. Nuveen LLC acquired a new position in shares of Lifezone Metals in the 1st quarter worth approximately $278,000. Invesco Ltd. raised its holdings in shares of Lifezone Metals by 31.3% in the 1st quarter. Invesco Ltd. now owns 910,530 shares of the company's stock worth $3,806,000 after buying an additional 217,101 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of Lifezone Metals in the 1st quarter worth approximately $42,000. Finally, Alps Advisors Inc. raised its holdings in shares of Lifezone Metals by 38.1% in the 1st quarter. Alps Advisors Inc. now owns 102,384 shares of the company's stock worth $428,000 after buying an additional 28,242 shares in the last quarter.

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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