Lifezone Metals price target lowered to $11 from $14 at BTIG

BTIG analyst Gregory Lewis lowered the firm’s price target on Lifezone Metals to $11 from $14 but keeps a Buy rating on the shares. The main takeaway from the company’s annual report was “business as usual” with no material surprises for the most part, the analyst tells investors in a research note. The Kabanga Nickel project should also start up in 2027 now, and Lifezone Metals is expected to be cost conscious for the remainder of FY24 to manage a challenging nickel price environment, the firm added.