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Lifezone Metals
(NYSE:LZM)
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Rating:54Neutral
Price Target:
$4.50
▼(-2.39% Downside)
Action:Reiterated
Date:08/22/26
The score is held back primarily by weak financial performance (ongoing losses, unstable margins, and persistent cash burn alongside rising leverage). Technicals are supportive with price trading above major moving averages and positive momentum indicators, while valuation remains constrained by negative earnings and no dividend support. Earnings-call commentary adds a modest positive tilt due to funding and project-progress milestones, but execution, financing, and dilution risks remain key offsets.
Positive Factors
Kabanga Project Progress
Major tendering and owner-team expansion indicate that Kabanga has moved beyond early concept work into detailed pre-FID preparation. This can improve execution readiness, contractor competition and financing credibility if the project advances to construction.
Negative Factors
Persistent Losses and Cash Burn
Lifezone remains dependent on external capital because its operating businesses do not yet fund corporate and project spending. Continued losses and negative free cash flow can reduce financial flexibility and increase the cost or dilution required to reach production.
Read all positive and negative factors
Positive Factors
Negative Factors
Kabanga Project Progress
Major tendering and owner-team expansion indicate that Kabanga has moved beyond early concept work into detailed pre-FID preparation. This can improve execution readiness, contractor competition and financing credibility if the project advances to construction.
Read all positive factors
Lifezone Metals (LZM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$390.23M
Dividend YieldN/A
Average Volume (3M)187.21K
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees98
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding89,914,560
10 Day Avg. Volume195,686
30 Day Avg. Volume187,212
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)4.62
Price to Sales (P/S)322.61
P/FCF Ratio-20.13
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$8.00Price Target Upside73.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Lifezone Metals Business Overview & Revenue Model
Company Description
Lifezone Metals Limited (LZM) is a company specializing in the comprehensive lifecycle of battery metals, from their initial extraction and processing to their eventual recycling. The firm delivers environmentally responsible metals, noted for the...
How the Company Makes Money
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Lifezone Metals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.40M | 1.06M | 140.52K | 1.48M | 2.93M | 2.09M |
| Gross Profit | -683.51K | -966.84K | 53.65K | 723.85K | 1.46M | 1.65M |
| EBITDA | -18.83M | -16.74M | -37.89M | -287.89M | -25.16M | -17.87M |
| Net Income | -23.20M | -13.63M | -46.31M | -363.87M | -23.58M | -18.00M |
Balance Sheet | ||||||
| Total Assets | 208.56M | 175.75M | 156.65M | 142.26M | 96.98M | 61.89M |
| Cash, Cash Equivalents and Short-Term Investments | 37.29M | 20.14M | 29.28M | 49.39M | 20.54M | 45.62M |
| Total Debt | 84.79M | 58.41M | 27.65M | 1.79M | 695.88K | 0.00 |
| Total Liabilities | 115.16M | 102.92M | 57.33M | 13.95M | 20.99M | 8.03M |
| Stockholders Equity | 94.46M | 73.83M | 89.54M | 44.65M | -8.47M | 54.04M |
Cash Flow | ||||||
| Free Cash Flow | -21.59M | -16.94M | -66.89M | -78.85M | -23.21M | -1.22M |
| Operating Cash Flow | -21.57M | -16.90M | -15.89M | -26.98M | -17.04M | -1.22M |
| Investing Cash Flow | -27.19M | -21.99M | -52.66M | -59.95M | -7.96M | -281.52M |
| Financing Cash Flow | 73.45M | 29.65M | 48.42M | 115.74M | -80.93K | 283.22M |
Lifezone Metals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | $390.23M | -16.10 | -27.57% | ― | ― | ― | |
52 Neutral | $74.31M | -2.01 | -17.63% | ― | ― | -54.49% | |
47 Neutral | $350.59M | -4.82 | -63.85% | ― | 776.51% | 38.07% | |
45 Neutral | $601.27M | -5.76 | -21.43% | ― | ― | -265.11% | |
44 Neutral | $243.83M | -15.14 | -3.66% | ― | ― | 26.53% |
* Basic Materials Sector Average
LZM
Lifezone Metals
4.34
0.09
2.12%
WWR
Westwater Resources
0.58
-0.22
-27.84%
NB
NioCorp Developments
4.13
-0.24
-5.49%
ABAT
American Battery Technology
2.57
0.16
6.64%
CRML
Critical Metals Corp
7.12
1.30
22.34%
IONR
ioneer Limited Sponsored ADR
3.08
-0.03
-0.96%
Lifezone Metals Corporate Events
Lifezone Metals Posts H1 2026 Results as Kabanga Nickel FID Slips to 2027
Jul 29, 2026
Lifezone Metals Limited, listed on the NYSE, operates in the metals and mining sector with a focus on critical minerals and hydrometallurgical technologies. Its flagship Kabanga Nickel Project in Tanzania, technical and laboratory services via Sim...
Lifezone Metals Extends Availability on $60 Million Bridge Loan to November 2026
Jul 28, 2026
On July 27, 2026, Lifezone Metals and its subsidiary Kabanga Nickel secured an amendment to their $60 million senior secured bridge loan facility with Taurus Mining Finance, extending the loan’s availability period to 23:59 GMT on November 2...
Lifezone Metals Unveils 2025 Sustainability Report as Kabanga Project Nears Construction
Jul 9, 2026
On July 9, 2026, Lifezone Metals released its Sustainability Report for the year ended December 31, 2025, detailing its approach to environmental stewardship, social responsibility, safety and governance, and its integration of these principles ac...
Lifezone Metals Issues 500,000 Share Warrants to Taurus Mining Finance
Jun 29, 2026
On June 29, 2026, Lifezone Metals issued warrants to Taurus Mining Finance Fund No. 2, L.P. to purchase 500,000 ordinary shares at an exercise price of $6.25 per share, with a five-year term, pursuant to a waiver letter signed on March 7, 2026 rel...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.