Wedbush Predicts TMC the metals FY2027 Earnings

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Research analysts at Wedbush issued their FY2027 earnings estimates for TMC the metals in a research report issued on Wednesday, June 25th. Wedbush analyst D. Ives forecasts that the company will post earnings of ($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 announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates 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 set a "buy" rating and a $5.50 price objective on the stock.

TMC the metals Stock Down 5.2%

Shares of TMC traded down $0.37 during trading hours on Thursday, reaching $6.81. 9,395,431 shares of the company traded hands, compared to its average volume of 4,215,247. The stock has a market capitalization of $2.47 billion, a P/E ratio of -29.61 and a beta of 1.45. TMC the metals has a 12-month low of $0.72 and a 12-month high of $8.12. The business has a fifty day moving average price of $4.29 and a 200-day moving average price of $2.57.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TMC. Allworth Financial LP raised its position in shares of TMC the metals by 48.0% in the first quarter. Allworth Financial LP now owns 14,796 shares of the company's stock worth $25,000 after acquiring an additional 4,796 shares during the period. Sprott Inc. purchased a new stake in shares of TMC the metals during the first quarter worth about $26,000. Gray Wealth Management Inc. grew its stake in TMC the metals by 59.7% during the 4th quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company's stock valued at $27,000 after acquiring an additional 8,863 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in TMC the metals during the 4th quarter valued at about $28,000. Finally, Raymond James Financial Inc. purchased a new stake in TMC the metals during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 4.39% of the company's stock.

Insider Activity at TMC the metals

In other TMC the metals news, Director Brendan May sold 25,000 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $7.80, for a total value of $195,000.00. Following the completion of the transaction, the director now owns 241,790 shares in the company, valued at approximately $1,885,962. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony O'sullivan sold 164,317 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $4.49, for a total transaction of $737,783.33. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 587,223 shares of company stock worth $1,846,154 over the last three months. Company insiders own 28.50% 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.