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

Lifezone Metals (NYSE:LZM)‘s stock had its “buy” rating restated by analysts at Roth Mkm in a research note issued on Wednesday,Benzinga reports. They currently have a $14.00 target price on the stock. Roth Mkm’s price target suggests a potential upside of 100.57% from the company’s current price.

Lifezone Metals Trading Down 0.6 %

NYSE LZM opened at $6.98 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. Lifezone Metals has a 12-month low of $4.52 and a 12-month high of $9.97. The company has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $7.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Lifezone Metals during the 3rd quarter worth approximately $84,000. Jane Street Group LLC lifted its stake in shares of Lifezone Metals by 15.5% in the third 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Lifezone Metals during the second quarter worth about $124,000. MetLife Investment Management LLC grew its stake in Lifezone Metals by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,097 shares of the company’s stock valued at $155,000 after acquiring an additional 12,451 shares in the last quarter. Finally, Creative Planning purchased a new position in Lifezone Metals in the 3rd quarter worth approximately $174,000.

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.