Lifezone Metals (NYSE:LZM) Price Target Cut to $11.00 by Analysts at BTIG Research

Lifezone Metals (NYSE:LZMGet Free Report) had its price objective dropped by investment analysts at BTIG Research from $14.00 to $11.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price objective points to a potential upside of 41.21% from the company’s previous close.

Lifezone Metals Trading Up 1.8 %

Shares of LZM stock traded up $0.14 during mid-day trading on Wednesday, reaching $7.79. 2,643 shares of the company’s stock traded hands, compared to its average volume of 60,481. Lifezone Metals has a 12 month low of $4.52 and a 12 month high of $19.92. The firm has a 50 day moving average price of $6.32 and a two-hundred day moving average price of $8.49. The company has a current ratio of 7.87, a quick ratio of 7.86 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Lifezone Metals

A number of hedge funds have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Lifezone Metals in the 4th quarter worth $180,000. Brown Brothers Harriman & Co. bought a new position in Lifezone Metals in the 4th quarter worth $181,000. Ameriprise Financial Inc. bought a new position in Lifezone Metals in the 3rd quarter worth $279,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Lifezone Metals by 31.1% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 285,347 shares of the company’s stock worth $2,580,000 after buying an additional 67,690 shares during the period. Finally, Jennison Associates LLC bought a new position in Lifezone Metals in the 4th quarter worth $4,354,000.

About Lifezone Metals

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Lifezone Metals Limited operates as a metals company in the battery metals supply chain of extraction, processing, and recycling. It supplies low-carbon and sulphur dioxide emission metals to the battery and EV 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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