Lifezone Metals (NYSE:LZM) Releases Quarterly Earnings Results

Lifezone Metals (NYSE:LZM) posted its quarterly earnings data on Thursday. The company reported ($0.04) EPS for the quarter, FiscalAI reports. The company had revenue of $0.37 million during the quarter.

Lifezone Metals Trading Down 2.6%

NYSE LZM opened at $3.79 on Thursday. Lifezone Metals has a fifty-two week low of $2.90 and a fifty-two week high of $6.23. The business’s fifty day moving average is $4.89 and its 200 day moving average is $4.70.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Barclays PLC lifted its position in Lifezone Metals by 5.1% during the fourth quarter. Barclays PLC now owns 55,097 shares of the company’s stock valued at $235,000 after acquiring an additional 2,666 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Lifezone Metals by 23.0% in the 3rd quarter. Intech Investment Management LLC now owns 20,795 shares of the company’s stock worth $114,000 after purchasing an additional 3,894 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Lifezone Metals by 50.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,826 shares of the company’s stock worth $109,000 after buying an additional 6,619 shares during the last quarter. Deutsche Bank AG increased its position in Lifezone Metals by 32.2% during the 4th quarter. Deutsche Bank AG now owns 31,982 shares of the company’s stock valued at $137,000 after buying an additional 7,781 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Lifezone Metals by 22.9% during the first quarter. Rhumbline Advisers now owns 44,971 shares of the company’s stock valued at $188,000 after acquiring an additional 8,376 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lifezone Metals in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

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.