BTIG lowered the firm’s price target on Lifezone Metals (LZM) to $7 from $11 and keeps a Buy rating on the shares. The firm cites the company having raised $15M in equity, which was a necessary step to continue to advance their Kabanga Nickel Project to Final Investment Decision, FID, with management expecting FID mid-next year, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LZM: