Brokers Issue Forecasts for TMC the metals FY2027 Earnings

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Investment analysts at Wedbush issued their FY2027 EPS estimates for shares of TMC the metals in a report issued on Wednesday, June 25th. Wedbush analyst D. Ives anticipates that the company will earn ($0.05) per share for the year. Wedbush currently has a "Outperform" rating and a $11.00 target price on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.22) per share. Wedbush also issued estimates for TMC the metals' FY2028 earnings at $0.37 EPS.

TMC the metals (NASDAQ:TMC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03).

Separately, HC Wainwright started coverage on shares of TMC the metals in a report on Tuesday, May 20th. They issued a "buy" rating and a $5.50 price target on the stock.

TMC the metals Stock Performance

NASDAQ TMC opened at $7.49 on Thursday. TMC the metals has a one year low of $0.72 and a one year high of $8.17. The company's 50 day moving average price is $4.13 and its 200 day moving average price is $2.46. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -32.56 and a beta of 1.46.

Insider Buying and Selling at TMC the metals

In other news, insider Anthony O'sullivan sold 164,317 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $4.49, for a total transaction of $737,783.33. Following the completion of the sale, the insider now owns 1,125,667 shares of the company's stock, valued at approximately $5,054,244.83. This trade represents a 12.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig Shesky sold 353,702 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.66, for a total transaction of $587,145.32. Following the sale, the chief financial officer now directly owns 1,145,717 shares of the company's stock, valued at $1,901,890.22. The trade was a 23.59% decrease in their position. The disclosure for this sale can be found here. 28.50% of the stock is owned by corporate insiders.

Institutional Trading of TMC the metals

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in shares of TMC the metals during the first quarter worth approximately $211,000. Baird Financial Group Inc. grew its position in shares of TMC the metals by 35.1% during the first quarter. Baird Financial Group Inc. now owns 2,946,027 shares of the company's stock worth $5,067,000 after buying an additional 766,167 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of TMC the metals during the first quarter worth approximately $86,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of TMC the metals during the first quarter worth approximately $79,000. Finally, Old West Investment Management LLC grew its position in shares of TMC the metals by 100.0% during the first quarter. Old West Investment Management LLC now owns 4,270,076 shares of the company's stock worth $7,345,000 after buying an additional 2,135,038 shares in the last quarter. Institutional investors and hedge funds own 4.39% of the company's stock.

TMC the metals Company Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.

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