Nuveen LLC Buys New Stake in Lifezone Metals Limited $LZM

Nuveen LLC bought a new stake in Lifezone Metals Limited (NYSE:LZM) during the first quarter, HoldingsChannel.com reports. The fund bought 66,467 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LZM. BNP Paribas Financial Markets bought a new stake in Lifezone Metals in the fourth quarter valued at about $42,000. Ballentine Partners LLC bought a new stake in Lifezone Metals during the first quarter worth about $42,000. ProShare Advisors LLC bought a new stake in Lifezone Metals during the fourth quarter worth about $71,000. Price T Rowe Associates Inc. MD grew its stake in Lifezone Metals by 18.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,890 shares of the company’s stock worth $97,000 after buying an additional 2,203 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Lifezone Metals by 27.7% during the fourth quarter. Wells Fargo & Company MN now owns 21,483 shares of the company’s stock worth $149,000 after buying an additional 4,666 shares during the last quarter.

Lifezone Metals Price Performance

LZM opened at $4.65 on Friday. Lifezone Metals Limited has a one year low of $2.90 and a one year high of $7.29. The company’s 50 day simple moving average is $4.44 and its 200-day simple moving average is $4.18.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Lifezone Metals from a “sell” rating to a “hold” rating in a research note on Sunday, August 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.00.

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.