Lifezone Metals (NYSE:LZM - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Roth Mkm in a report released on Wednesday,Benzinga reports. They presently have a $14.00 price target on the stock. Roth Mkm's price target would suggest a potential upside of 108.64% from the stock's previous close.
Lifezone Metals Stock Down 4.4 %
Lifezone Metals stock traded down $0.31 during mid-day trading on Wednesday, hitting $6.71. The company's stock had a trading volume of 97,940 shares, compared to its average volume of 109,062. Lifezone Metals has a twelve month low of $4.52 and a twelve month high of $9.97. The stock's fifty day moving average price is $6.67 and its two-hundred day moving average price is $7.09. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01.
Institutional Trading of Lifezone Metals
Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Lifezone Metals during the second quarter valued at $836,000. Creative Planning bought a new stake in Lifezone Metals during the 3rd quarter valued at approximately $174,000. Rhumbline Advisers acquired a new stake in Lifezone Metals in the 2nd quarter worth $306,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lifezone Metals during the second quarter valued at approximately $124,000. Finally, MetLife Investment Management LLC increased its stake in Lifezone Metals by 129.1% in the third quarter. MetLife Investment Management LLC now owns 22,097 shares of the company's stock valued at $155,000 after acquiring an additional 12,451 shares during the period.
About Lifezone Metals
(
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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.
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