Roth Capital Forecasts Stronger Earnings for Lifezone Metals

Lifezone Metals Limited (NYSE:LZM) – Research analysts at Roth Capital boosted their Q3 2024 earnings per share (EPS) estimates for Lifezone Metals in a research report issued to clients and investors on Wednesday, December 18th. Roth Capital analyst M. Niehuser now anticipates that the company will earn ($0.09) per share for the quarter, up from their prior 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 set a $14.00 target price on shares of Lifezone Metals in a research report on Wednesday.

Lifezone Metals Trading Down 2.5 %

NYSE:LZM opened at $6.56 on Friday. 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 company has a 50 day moving average price of $6.69 and a 200 day moving average price of $7.09. Lifezone Metals has a fifty-two week low of $4.52 and a fifty-two week high of $9.97.

Institutional Trading of Lifezone Metals

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Lifezone Metals in the third quarter worth $84,000. Jane Street Group LLC raised its stake in shares of Lifezone Metals by 15.5% during the third quarter. Jane Street Group LLC now owns 15,749 shares of the company’s stock valued at $110,000 after purchasing an additional 2,118 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Lifezone Metals in the second quarter worth about $124,000. MetLife Investment Management LLC increased its stake in Lifezone Metals by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 22,097 shares of the company’s stock valued at $155,000 after buying an additional 12,451 shares during the period. Finally, Creative Planning bought a new stake in shares of Lifezone Metals during the 3rd quarter worth about $174,000.

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.