Stock Traders Buy Large Volume of Call Options on Lifezone Metals (NYSE:LZM)

Lifezone Metals Limited (NYSE:LZM) was the target of unusually large options trading on Friday. Stock investors acquired 20,262 call options on the stock. This represents an increase of 3,051% compared to the typical volume of 643 call options.

Analyst Ratings Changes

Several brokerages have recently weighed in on LZM. Wall Street Zen raised shares of Lifezone Metals from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lifezone Metals in a report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Lifezone Metals to a “hold” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

Lifezone Metals Stock Up 3.5%

Shares of LZM stock opened at $3.42 on Friday. Lifezone Metals has a twelve month low of $3.00 and a twelve month high of $6.40. The stock has a market cap of $292.02 million, a P/E ratio of -0.73 and a beta of 1.26. The stock has a 50 day moving average of $4.02 and a 200 day moving average of $4.44. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Lifezone Metals

Several institutional investors have recently made changes to their positions in LZM. Deutsche Bank AG lifted its stake in shares of Lifezone Metals by 32.2% in the 4th quarter. Deutsche Bank AG now owns 31,982 shares of the company’s stock valued at $137,000 after purchasing an additional 7,781 shares during the period. Jane Street Group LLC acquired a new stake in Lifezone Metals during the second quarter valued at $136,000. Wells Fargo & Company MN grew its position in Lifezone Metals by 77.8% during the fourth quarter. Wells Fargo & Company MN now owns 30,409 shares of the company’s stock valued at $130,000 after buying an additional 13,309 shares during the period. Intech Investment Management LLC grew its position in Lifezone Metals by 23.0% during the third quarter. Intech Investment Management LLC now owns 20,795 shares of the company’s stock valued at $114,000 after buying an additional 3,894 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Lifezone Metals by 50.1% in the third quarter. JPMorgan Chase & Co. now owns 19,826 shares of the company’s stock valued at $109,000 after buying an additional 6,619 shares in the last quarter.

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.