Decagon Asset Management LLP Takes $4.77 Million Position in Lifezone Metals Limited (NYSE:LZM)

Decagon Asset Management LLP acquired a new stake in shares of Lifezone Metals Limited (NYSE:LZM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 686,442 shares of the company’s stock, valued at approximately $4,771,000. Lifezone Metals accounts for about 1.7% of Decagon Asset Management LLP’s portfolio, making the stock its 21st largest holding. Decagon Asset Management LLP owned about 0.88% of Lifezone Metals as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Barclays PLC grew its position in shares of Lifezone Metals by 275.9% during the 3rd quarter. Barclays PLC now owns 48,032 shares of the company’s stock valued at $336,000 after acquiring an additional 35,253 shares during the period. State Street Corp boosted 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 buying an additional 49,197 shares during the period. JPMorgan Chase & Co. boosted its holdings in Lifezone Metals by 120.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,016 shares of the company’s stock worth $476,000 after buying an additional 37,232 shares during the period. Jane Street Group LLC boosted its holdings in Lifezone Metals by 15.5% in the 3rd quarter. Jane Street Group LLC now owns 15,749 shares of the company’s stock worth $110,000 after buying an additional 2,118 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Lifezone Metals by 22.7% in the 4th quarter. SG Americas Securities LLC now owns 14,781 shares of the company’s stock worth $103,000 after buying an additional 2,731 shares during the period.

Wall Street Analyst Weigh In

Separately, Roth Mkm reaffirmed a “buy” rating and issued a $14.00 target price on shares of Lifezone Metals in a report on Wednesday, December 18th.

Lifezone Metals Trading Up 1.3 %

Shares of Lifezone Metals stock opened at $4.69 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $5.73 and a 200 day moving average of $6.32. Lifezone Metals Limited has a fifty-two week low of $4.20 and a fifty-two week high of $9.51.

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.