Lifezone Metals Limited (NYSE:LZM - Free Report) - Roth Capital dropped their Q3 2024 earnings estimates for Lifezone Metals in a report released on Wednesday, October 9th. Roth Capital analyst M. Niehuser now expects that the company will earn ($0.11) per share for the quarter, down from their previous estimate of ($0.06). The consensus estimate for Lifezone Metals' current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Lifezone Metals' Q4 2024 earnings at ($0.11) EPS, FY2024 earnings at ($0.38) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.13) EPS, Q4 2025 earnings at ($0.14) EPS and FY2025 earnings at ($0.51) EPS.
Lifezone Metals (NYSE:LZM - Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). Lifezone Metals had a negative return on equity of 294.91% and a negative net margin of 24,521.17%. The company had revenue of $0.01 million during the quarter.
Lifezone Metals Price Performance
LZM stock traded up $0.34 during trading on Friday, reaching $6.51. The company had a trading volume of 98,617 shares, compared to its average volume of 114,266. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.08. Lifezone Metals has a 52 week low of $4.52 and a 52 week high of $11.79. The business has a 50 day moving average of $6.34 and a 200 day moving average of $7.38.
Hedge Funds Weigh In On Lifezone Metals
A number of institutional investors and hedge funds have recently made changes to their positions in LZM. SG Americas Securities LLC bought a new position in shares of Lifezone Metals during the third quarter valued at approximately $84,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lifezone Metals during the second quarter valued at approximately $124,000. Rhumbline Advisers bought a new stake in shares of Lifezone Metals during the second quarter valued at approximately $306,000. Bank of New York Mellon Corp bought a new stake in shares of Lifezone Metals during the second quarter valued at approximately $836,000. Finally, Jennison Associates LLC increased its position in shares of Lifezone Metals by 2.4% during the first quarter. Jennison Associates LLC now owns 493,118 shares of the company's stock valued at $3,782,000 after acquiring an additional 11,468 shares in the last quarter.
Lifezone Metals Company Profile
(
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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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