HC Wainwright Boosts Earnings Estimates for TMC the metals

Key Points

• HC Wainwright raised TMC the metals' FY2025 earnings per share estimate from ($0.28) to ($0.26), maintaining a "Buy" rating with a price target of $7.25.
• Wedbush upgraded TMC the metals from "neutral" to "outperform" with a new price target of $11.00, reflecting increased confidence in the stock's performance.
• Insider selling activity included 164,317 shares sold by Anthony O'sullivan, which amounted to a 12.74% decrease in his holdings, showcasing a significant shift in insider sentiment.

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Equities researchers at HC Wainwright raised their FY2025 EPS estimates for shares of TMC the metals in a research report issued on Wednesday, August 6th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings per share of ($0.26) for the year, up from their prior forecast of ($0.28). HC Wainwright currently has a "Buy" rating and a $7.25 price objective 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 ($0.25) EPS.

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

Separately, Wedbush upgraded shares of TMC the metals from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $6.00 to $11.00 in a research report on Wednesday, June 25th.

TMC the metals Trading Down 0.7%

NASDAQ:TMC traded down $0.04 during midday trading on Friday, hitting $5.32. 3,545,878 shares of the company traded hands, compared to its average volume of 8,365,009. The firm has a market capitalization of $1.93 billion, a P/E ratio of -23.11 and a beta of 1.59. The firm's fifty day moving average is $6.22 and its 200-day moving average is $3.76. TMC the metals has a 12-month low of $0.72 and a 12-month high of $8.63.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in TMC the metals by 48.0% in the 1st quarter. Allworth Financial LP now owns 14,796 shares of the company's stock worth $25,000 after acquiring an additional 4,796 shares in the last quarter. Sprott Inc. purchased a new stake in shares of TMC the metals in the first quarter valued at approximately $26,000. Raymond James Financial Inc. bought a new position in TMC the metals in the fourth quarter worth approximately $28,000. Wolverine Asset Management LLC increased its holdings in TMC the metals by 752.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company's stock worth $33,000 after purchasing an additional 4,365 shares during the period. Finally, KBC Group NV bought a new stake in TMC the metals during the 2nd quarter valued at $37,000. Institutional investors own 4.39% of the company's stock.

Insider Buying and Selling

In other TMC the metals news, Director Brendan May sold 44,204 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $7.38, for a total value of $326,225.52. Following the sale, the director owned 197,586 shares in the company, valued at $1,458,184.68. This trade represents a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Anthony O'sullivan sold 164,317 shares of TMC the metals stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $4.49, for a total value of $737,783.33. Following the sale, the insider owned 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 233,521 shares of company stock worth $1,259,009. Insiders own 27.60% of the company's stock.

About TMC the metals

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.