TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Equities researchers at HC Wainwright issued their FY2025 earnings estimates for shares of TMC the metals in a research report issued to clients and investors on Tuesday, May 20th. HC Wainwright analyst H. Ihle forecasts that the company will post earnings per share of ($0.28) for the year. HC Wainwright has a "Buy" rating and a $5.50 price target on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.22) per share. HC Wainwright also issued estimates for TMC the metals' FY2026 earnings at ($0.27) EPS.
TMC the metals (NASDAQ:TMC - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03).
Separately, Wedbush restated a "neutral" rating and set a $6.00 price target on shares of TMC the metals in a report on Friday, May 16th.
Read Our Latest Analysis on TMC
TMC the metals Stock Up 6.2%
TMC the metals stock traded up $0.29 during mid-day trading on Thursday, hitting $4.91. 10,249,085 shares of the stock were exchanged, compared to its average volume of 3,175,133. TMC the metals has a 12 month low of $0.72 and a 12 month high of $5.14. The firm's fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $1.83. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -15.81 and a beta of 1.33.
Insider Transactions at TMC the metals
In related news, insider Anthony O'sullivan sold 164,317 shares of TMC the metals stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $4.49, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig Shesky sold 353,702 shares of TMC the metals stock in a transaction 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 transaction, the chief financial officer now directly owns 1,145,717 shares in the company, valued at $1,901,890.22. This represents a 23.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 30.00% of the company's stock.
Institutional Investors Weigh In On TMC the metals
Hedge funds have recently made changes to their positions in the business. First Manhattan CO. LLC. raised its stake in TMC the metals by 115.2% in the 4th quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company's stock valued at $20,974,000 after acquiring an additional 10,025,000 shares during the period. Old West Investment Management LLC grew its holdings in TMC the metals by 100.0% during the 1st quarter. Old West Investment Management LLC now owns 4,270,076 shares of the company's stock valued at $7,345,000 after buying an additional 2,135,038 shares in the last quarter. Baird Financial Group Inc. grew its holdings in TMC the metals by 35.1% during the 1st quarter. Baird Financial Group Inc. now owns 2,946,027 shares of the company's stock valued at $5,067,000 after buying an additional 766,167 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of TMC the metals by 7,330.9% during the fourth quarter. Jane Street Group LLC now owns 1,345,812 shares of the company's stock worth $1,507,000 after purchasing an additional 1,364,424 shares in the last quarter. Finally, Shay Capital LLC grew its holdings in shares of TMC the metals by 965.6% during the fourth quarter. Shay Capital LLC now owns 932,404 shares of the company's stock worth $1,044,000 after purchasing an additional 844,904 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors.
About TMC the metals
(
Get Free Report)
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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