Lifezone Metals Limited (NYSE:LZM) Expected to Post Q2 2024 Earnings of ($0.06) Per Share

Lifezone Metals Limited (NYSE:LZM – Free Report) – Research analysts at Roth Capital issued their Q2 2024 earnings per share estimates for shares of Lifezone Metals in a report issued on Thursday, July 25th. Roth Capital analyst M. Niehuser forecasts that the company will earn ($0.06) per share for the quarter. The consensus estimate for Lifezone Metals’ current full-year earnings is ($0.21) per share. Roth Capital also issued estimates for Lifezone Metals’ Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.06) EPS, FY2024 earnings at ($0.21) EPS, Q1 2025 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.06) EPS, Q3 2025 earnings at ($0.06) EPS, Q4 2025 earnings at ($0.06) EPS and FY2025 earnings at ($0.23) EPS.

Lifezone Metals (NYSE:LZM – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $41.39 million for the quarter.

A number of other analysts have also recently commented on the company. BTIG Research lowered their price target on Lifezone Metals from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Roth Mkm restated a “buy” rating and set a $14.00 price objective on shares of Lifezone Metals in a research note on Wednesday, May 15th.

Check Out Our Latest Report on LZM

Lifezone Metals Trading Down 2.0 %

Shares of Lifezone Metals stock opened at $7.35 on Monday. The firm’s 50 day simple moving average is $8.41 and its two-hundred day simple moving average is $7.29. Lifezone Metals has a 12-month low of $4.52 and a 12-month high of $19.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.29 and a current ratio of 4.30.

Institutional Investors Weigh In On Lifezone Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC increased its stake in shares of Lifezone Metals by 2.4% in the 1st quarter. Jennison Associates LLC now owns 493,118 shares of the company’s stock valued at $3,782,000 after purchasing an additional 11,468 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Lifezone Metals during the fourth quarter valued at $181,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Lifezone Metals in the second quarter valued at about $836,000.

Lifezone Metals Company Profile

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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.