HC Wainwright Cuts Earnings Estimates for TMC the metals

Key Points

• HC Wainwright lowered TMC the metals’ FY2026 EPS forecast to a loss of $0.42 per share from $0.40, while maintaining a “Buy” rating and an $11.75 price target.
• TMC reported a quarterly loss of $0.14 per share, missing the consensus estimate of a $0.06 loss. Analysts’ overall rating is “Hold,” with a consensus price target of $10.58.
• The stock opened at $3.77 and remains well below its 52-week high of $11.35; institutional investors own 4.39% of shares, while insiders own 28.50%.

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Research analysts at HC Wainwright dropped their FY2026 earnings per share (EPS) estimates for shares of TMC the metals in a research note issued to investors on Friday, August 14th. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.42) for the year, down from their prior forecast of ($0.40). HC Wainwright has a "Buy" rating and a $11.75 price target on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.31) per share.

A number of other research firms also recently weighed in on TMC. Maxim Group assumed coverage on TMC the metals in a research note on Thursday, June 4th. They issued a "buy" rating and a $10.00 price target on the stock. Wall Street Zen upgraded TMC the metals from a "strong sell" rating to a "sell" rating in a report on Saturday, May 16th. Wedbush raised their target price on TMC the metals from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of TMC the metals in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.58.

TMC the metals Stock Performance

Shares of TMC stock opened at $3.77 on Tuesday. The firm's 50 day moving average price is $4.29 and its two-hundred day moving average price is $5.17. TMC the metals has a 52-week low of $3.40 and a 52-week high of $11.35. The stock has a market cap of $1.63 billion, a PE ratio of -5.16 and a beta of 2.06.

TMC the metals (NASDAQ:TMC - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08).

Hedge Funds Weigh In On TMC the metals

Several institutional investors have recently modified their holdings of TMC. NewEdge Advisors LLC acquired a new position in shares of TMC the metals in the 2nd quarter valued at approximately $28,000. Osterweis Capital Management Inc. acquired a new stake in TMC the metals during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in TMC the metals during the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new position in TMC the metals in the third quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC lifted its stake in TMC the metals by 465.8% in the fourth quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company's stock valued at $35,000 after buying an additional 4,681 shares in the last quarter. Institutional investors own 4.39% of the company's stock.

Insider Activity

In other TMC the metals news, Director Brendan May sold 20,768 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $6.42, for a total value of $133,330.56. Following the completion of the sale, the director directly owned 193,346 shares in the company, valued at $1,241,281.32. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 28.50% of the stock is owned by company insiders.

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. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.

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