Lifezone Metals (NYSE:LZM) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Lifezone Metals (NYSE:LZM) to a Hold$7.00 and BTIG reiterating a $7 buy rating.
• Shares opened at $5.65 (up ~1.5%) with a market cap around $483M; the company reported quarterly EPS of ($0.04) on $0.37M revenue and analysts forecast about -0.29 EPS for the year.
• Several institutions have recently initiated small stakes in LZM, and the company produces low‑carbon nickel, copper and cobalt with its flagship Kabanga nickel project in Tanzania.

Lifezone Metals (NYSE:LZM - Get Free Report) was upgraded by analysts at Zacks Research to a "hold" rating in a research note issued on Wednesday,Zacks.com reports.

Separately, BTIG Research reissued a "buy" rating and set a $7.00 target price on shares of Lifezone Metals in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lifezone Metals presently has an average rating of "Hold" and an average price target of $7.00.

Lifezone Metals Trading Up 1.5%

Shares of LZM stock opened at $5.65 on Wednesday. The firm has a market cap of $483.47 million, a P/E ratio of -1.21 and a beta of 1.26. Lifezone Metals has a 1-year low of $3.06 and a 1-year high of $6.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.46 and a quick ratio of 0.46. The firm's 50-day simple moving average is $4.25 and its 200-day simple moving average is $4.46.

Lifezone Metals (NYSE:LZM - Get Free Report) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $0.37 million for the quarter. As a group, equities analysts forecast that Lifezone Metals will post -0.29 EPS for the current year.

Institutional Trading of Lifezone Metals

A number of institutional investors and hedge funds have recently bought and sold shares of LZM. CIBC Asset Management Inc acquired a new stake in Lifezone Metals during the 4th quarter worth approximately $49,000. Ellevest Inc. acquired a new stake in Lifezone Metals in the fourth quarter valued at approximately $59,000. Ballentine Partners LLC purchased a new stake in shares of Lifezone Metals during the third quarter valued at approximately $66,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Lifezone Metals during the third quarter valued at approximately $71,000. Finally, Virtu Financial LLC purchased a new stake in shares of Lifezone Metals during the third quarter valued at approximately $83,000.

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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