Jun. 16 at 12:31 AM
$LZM Lifezone Metals price target lowered to
$8 from
$14 at Roth Capital
Roth Capital lowered the firm's price target on Lifezone Metals to
$8 from
$14 and keeps a Buy rating on the shares. The firm says an Initial Assessment on Lifezone's proposed Kabanga Project outlines one of the largest, low-cost, vertically integrated nickel producers, and the most environmentally friendly operation in the world.
Polymetallic high grades and regional infrastructure improvements unlocked the project, the analyst tells investors in a research note. Roth believes the net asset value calculated in the initial assessment suggests the company could be carried-to-production.
