Lifezone Metals (NYSE:LZM) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Lifezone Metals (NYSE:LZM) from a hold rating to a sell rating in a research report released on Saturday.

A number of other research analysts have also issued reports on the company. BTIG Research reissued a “buy” rating and issued a $7.00 target price on shares of Lifezone Metals in a report on Friday, March 20th. Zacks Research raised Lifezone Metals to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.00.

Lifezone Metals Price Performance

Shares of NYSE LZM opened at $5.93 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.24. Lifezone Metals has a twelve month low of $3.06 and a twelve month high of $6.40. The stock has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.46. The stock has a market cap of $506.65 million, a P/E ratio of -1.27 and a beta of 1.26.

Lifezone Metals (NYSE:LZM) last issued its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $0.37 million during the quarter. On average, research analysts forecast that Lifezone Metals will post -0.29 earnings per share for the current year.

Institutional Trading of Lifezone Metals

Several hedge funds and other institutional investors have recently made changes to their positions in LZM. CIBC Asset Management Inc purchased a new stake in shares of Lifezone Metals in the fourth quarter valued at about $49,000. Ellevest Inc. purchased a new stake in shares of Lifezone Metals in the fourth quarter valued at about $59,000. Ballentine Partners LLC purchased a new stake in shares of Lifezone Metals in the third quarter valued at approximately $66,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Lifezone Metals in the third quarter valued at approximately $71,000. Finally, Virtu Financial LLC purchased a new stake in shares of Lifezone Metals in the third quarter valued at approximately $83,000.

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