Lifezone Metals (NYSE:LZM) Cut to Sell at Wall Street Zen

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

Lifezone Metals Stock Down 0.7%

LZM stock opened at $4.52 on Friday. The business’s 50-day moving average is $4.40 and its two-hundred day moving average is $4.30. Lifezone Metals has a 1 year low of $2.90 and a 1 year high of $7.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LZM. JPMorgan Chase & Co. increased its holdings in shares of Lifezone Metals by 96.1% in the 4th quarter. JPMorgan Chase & Co. now owns 133,356 shares of the company’s stock valued at $927,000 after acquiring an additional 65,340 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Lifezone Metals by 27.7% in the 4th quarter. Wells Fargo & Company MN now owns 21,483 shares of the company’s stock valued at $149,000 after acquiring an additional 4,666 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Lifezone Metals by 236.5% during the 4th quarter. Russell Investments Group Ltd. now owns 145,300 shares of the company’s stock worth $1,010,000 after buying an additional 102,126 shares during the last quarter. Bank of Montreal Can purchased a new position in Lifezone Metals during the 4th quarter worth approximately $176,000. Finally, Invesco Ltd. grew its stake in Lifezone Metals by 2.5% during the 4th quarter. Invesco Ltd. now owns 693,429 shares of the company’s stock worth $4,819,000 after buying an additional 16,685 shares during the last quarter.

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.