Lifezone Metals Target of Unusually High Options Trading (NYSE:LZM)

Lifezone Metals Limited (NYSE:LZM) saw some unusual options trading on Thursday. Investors acquired 7,537 call options on the stock. This represents an increase of approximately 3,613% compared to the typical volume of 203 call options.

Lifezone Metals Trading Down 0.1%

Lifezone Metals stock opened at $3.94 on Friday. The stock has a 50-day simple moving average of $4.75 and a 200 day simple moving average of $4.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $336.48 million, a P/E ratio of -0.84 and a beta of 1.22. Lifezone Metals has a 52 week low of $3.07 and a 52 week high of $6.40.

Lifezone Metals (NYSE:LZM) last issued its quarterly earnings data on Friday, March 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $0.37 million for the quarter. Analysts expect that Lifezone Metals will post -0.29 earnings per share for the current year.

Institutional Investors Weigh In On Lifezone Metals

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Lifezone Metals by 434.1% during the first quarter. Renaissance Technologies LLC now owns 119,153 shares of the company’s stock worth $400,000 after acquiring an additional 96,844 shares during the last quarter. Jennison Associates LLC lifted its position in Lifezone Metals by 1.9% during the first quarter. Jennison Associates LLC now owns 789,674 shares of the company’s stock worth $2,653,000 after acquiring an additional 14,506 shares during the last quarter. Invesco Ltd. lifted its position in Lifezone Metals by 90.9% during the fourth quarter. Invesco Ltd. now owns 2,840,018 shares of the company’s stock worth $12,127,000 after acquiring an additional 1,352,119 shares during the last quarter. EdgePoint Investment Group Inc. lifted its position in Lifezone Metals by 32.4% during the fourth quarter. EdgePoint Investment Group Inc. now owns 37,659 shares of the company’s stock worth $161,000 after acquiring an additional 9,222 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Lifezone Metals by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 269,460 shares of the company’s stock worth $1,151,000 after acquiring an additional 17,718 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LZM shares. Zacks Research upgraded Lifezone Metals to a “hold” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded Lifezone Metals from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lifezone Metals in a report on Tuesday. Finally, BTIG Research reiterated a “buy” rating and set a $7.00 price target on shares of Lifezone Metals in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lifezone Metals 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.