Lifezone Metals Limited (NYSE:LZM - Free Report) - Investment analysts at Roth Capital boosted their Q3 2024 earnings estimates for Lifezone Metals in a report issued on Wednesday, December 18th. Roth Capital analyst M. Niehuser now expects that the company will post earnings of ($0.09) per share for the quarter, up from their previous forecast of ($0.11). The consensus estimate for Lifezone Metals' current full-year earnings is ($0.38) per share. Roth Capital also issued estimates for Lifezone Metals' Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.32) EPS, Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($0.50) EPS.
Separately, Roth Mkm reissued a "buy" rating and issued a $14.00 price target on shares of Lifezone Metals in a research note on Wednesday.
View Our Latest Analysis on Lifezone Metals
Lifezone Metals Stock Down 2.5 %
Shares of NYSE:LZM traded down $0.17 during midday trading on Friday, reaching $6.56. The company's stock had a trading volume of 132,400 shares, compared to its average volume of 110,381. Lifezone Metals has a fifty-two week low of $4.52 and a fifty-two week high of $9.97. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $7.09.
Hedge Funds Weigh In On Lifezone Metals
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its stake in 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 buying an additional 2,118 shares during the period. SG Americas Securities LLC bought a new stake in shares of Lifezone Metals during the third quarter valued at approximately $84,000. MetLife Investment Management LLC raised its position in shares of Lifezone Metals by 129.1% during the third 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 period. The Manufacturers Life Insurance Company bought a new position in shares of Lifezone Metals in the 2nd quarter worth $124,000. Finally, Creative Planning bought a new position in shares of Lifezone Metals in the 3rd quarter worth $174,000.
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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