TMC the metals company Inc. (NASDAQ:TMC) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts give TMC an average rating of Hold across five firms (1 sell, 1 hold, 3 buy) with a 12‑month average price target of about $7.42.
• The stock opened at $5.17, trades below its 50‑day MA ($6.84) but near its 200‑day MA ($5.93), has a 52‑week range of $0.72–$11.35 and a market cap of $2.10B; TMC reported an EPS miss of ($0.14) vs. ($0.06) consensus and analysts forecast -0.22 EPS for the year.
• There was notable insider selling (Erika Ilves sold 1.59M shares for ~$9.18M; Anthony O'Sullivan sold 250k shares), leaving insiders with 27.6% ownership while institutional ownership remains low at about 4.39%.

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.4167.

A number of research firms have commented on TMC. HC Wainwright increased their price objective on shares of TMC the metals from $7.25 to $7.50 and gave the company a "buy" rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TMC the metals in a research report on Wednesday, October 8th. Finally, Zacks Research raised TMC the metals from a "strong sell" rating to a "hold" rating in a report on Thursday, November 13th.

TMC the metals Stock Down 0.8%

TMC stock opened at $5.17 on Friday. The stock's 50 day moving average is $6.84 and its two-hundred day moving average is $5.93. TMC the metals has a 52-week low of $0.72 and a 52-week high of $11.35. The company has a market capitalization of $2.10 billion, a PE ratio of -6.71 and a beta of 1.71.

TMC the metals (NASDAQ:TMC - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). As a group, sell-side analysts anticipate that TMC the metals will post -0.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Erika Ilves sold 1,591,485 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $5.77, for a total transaction of $9,182,868.45. Following the sale, the insider directly owned 1,145,792 shares of the company's stock, valued at approximately $6,611,219.84. This represents a 58.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony O'sullivan sold 250,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $5.25, for a total value of $1,312,500.00. Following the transaction, the insider owned 1,125,667 shares in the company, valued at $5,909,751.75. This trade represents a 18.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 27.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. bought a new stake in shares of TMC the metals during the 3rd quarter valued at about $34,000. Sender Co & Partners Inc. acquired a new position in TMC the metals in the third quarter valued at approximately $110,000. PharVision Advisers LLC bought a new position in shares of TMC the metals during the third quarter valued at approximately $102,000. Verition Fund Management LLC raised its position in shares of TMC the metals by 269.6% during the 3rd quarter. Verition Fund Management LLC now owns 371,379 shares of the company's stock worth $2,366,000 after purchasing an additional 270,910 shares during the period. Finally, Mariner LLC raised its position in shares of TMC the metals by 18.5% during the 3rd quarter. Mariner LLC now owns 53,596 shares of the company's stock worth $341,000 after purchasing an additional 8,386 shares during the period. 4.39% of the stock is owned by institutional investors and hedge funds.

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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