Barclays PLC Raises Position in Lifezone Metals Limited (NYSE:LZM)

Barclays PLC boosted its stake in Lifezone Metals Limited (NYSE:LZM) by 275.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,032 shares of the company’s stock after buying an additional 35,253 shares during the period. Barclays PLC’s holdings in Lifezone Metals were worth $336,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LZM. SG Americas Securities LLC purchased a new stake in Lifezone Metals in the third quarter worth about $84,000. Jane Street Group LLC lifted its holdings in Lifezone Metals by 15.5% in the third 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. The Manufacturers Life Insurance Company purchased a new stake in Lifezone Metals in the second quarter worth about $124,000. MetLife Investment Management LLC lifted its holdings 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 valued at $155,000 after purchasing an additional 12,451 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Lifezone Metals during the third quarter valued at approximately $174,000.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $14.00 target price on shares of Lifezone Metals in a report on Wednesday, December 18th.

Lifezone Metals Stock Up 0.7 %

LZM stock opened at $7.03 on Friday. The firm has a 50 day moving average price of $6.81 and a 200-day moving average price of $6.91. Lifezone Metals Limited has a 52-week low of $4.52 and a 52-week high of $9.70. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01.

Lifezone Metals 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.