Decagon Asset Management LLP Purchases New Shares in Lifezone Metals Limited (NYSE:LZM)

Decagon Asset Management LLP purchased a new position in shares of Lifezone Metals Limited (NYSE:LZM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 686,442 shares of the company's stock, valued at approximately $4,771,000. Lifezone Metals comprises about 1.7% of Decagon Asset Management LLP's investment portfolio, making the stock its 21st biggest position. Decagon Asset Management LLP owned about 0.88% of Lifezone Metals at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LZM. MetLife Investment Management LLC increased its position in shares of Lifezone Metals by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,097 shares of the company's stock worth $155,000 after purchasing an additional 12,451 shares during the last quarter. State Street Corp boosted its stake in shares of Lifezone Metals by 14.8% during the 3rd quarter. State Street Corp now owns 381,229 shares of the company's stock worth $2,669,000 after acquiring an additional 49,197 shares during the period. Jane Street Group LLC boosted its stake in shares of Lifezone Metals by 15.5% during the 3rd quarter. Jane Street Group LLC now owns 15,749 shares of the company's stock worth $110,000 after acquiring an additional 2,118 shares during the period. Barclays PLC boosted its stake in shares of Lifezone Metals by 275.9% during the 3rd quarter. Barclays PLC now owns 48,032 shares of the company's stock worth $336,000 after acquiring an additional 35,253 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Lifezone Metals by 120.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 68,016 shares of the company's stock worth $476,000 after acquiring an additional 37,232 shares during the period.

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Analyst Upgrades and Downgrades

Separately, Roth Mkm reiterated a "buy" rating and set a $14.00 target price on shares of Lifezone Metals in a research note on Wednesday, December 18th.

Lifezone Metals Stock Down 3.3 %

Shares of NYSE LZM traded down $0.15 during midday trading on Friday, hitting $4.35. 195,800 shares of the company's stock were exchanged, compared to its average volume of 114,146. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.09. Lifezone Metals Limited has a 12 month low of $4.20 and a 12 month high of $9.51. The company's 50 day moving average price is $5.60 and its 200 day moving average price is $6.28.

Lifezone Metals 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.