Q3 EPS Estimates for Lifezone Metals Raised by Roth Capital

Lifezone Metals Limited (NYSE:LZM) – Investment analysts at Roth Capital raised their Q3 2024 EPS estimates for Lifezone Metals in a research note issued to investors on Wednesday, December 18th. Roth Capital analyst M. Niehuser now forecasts that the company will earn ($0.09) per share for the quarter, up from their prior estimate 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 objective on shares of Lifezone Metals in a research note on Wednesday.

Lifezone Metals Price Performance

NYSE LZM opened at $6.56 on Friday. The stock’s 50-day moving average is $6.69 and its two-hundred day moving average is $7.07. Lifezone Metals has a fifty-two week low of $4.52 and a fifty-two week high of $9.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its position in shares of Lifezone Metals by 15.5% in 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 during the last quarter. SG Americas Securities LLC bought a new stake in Lifezone Metals during the 3rd quarter valued at approximately $84,000. MetLife Investment Management LLC grew its holdings in Lifezone Metals by 129.1% in 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 last quarter. The Manufacturers Life Insurance Company bought a new position in Lifezone Metals in the 2nd quarter worth approximately $124,000. Finally, Creative Planning acquired a new position in shares of Lifezone Metals during the third quarter worth approximately $174,000.

About Lifezone Metals

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.