TMC the metals FY2025 EPS Forecast Lowered by HC Wainwright

Key Points

• HC Wainwright has reduced the FY2025 EPS estimate for TMC the metals from ($0.26) to ($0.39), while maintaining a "Buy" rating and a target price of $7.25.
• Wedbush has upgraded TMC the metals from "neutral" to "outperform" with a price target increased from $6.00 to $11.00.
• Recent insider transactions include Director Brendan May selling 44,204 shares for approximately $326,225, reducing his ownership by 18.28%.

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - HC Wainwright lowered their FY2025 EPS estimates for TMC the metals in a research report issued on Monday, August 18th. HC Wainwright analyst H. Ihle now anticipates that the company will earn ($0.39) per share for the year, down from their previous forecast of ($0.26). HC Wainwright currently has a "Buy" rating and a $7.25 target price on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.22) per share.

TMC the metals (NASDAQ:TMC - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01).

Several other brokerages have also weighed in on TMC. Zacks Research upgraded TMC the metals from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Wedbush upgraded TMC the metals from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $6.00 to $11.00 in a research note on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.33.

TMC the metals Stock Performance

Shares of TMC the metals stock traded up $0.2650 on Wednesday, hitting $5.1250. The company's stock had a trading volume of 9,082,183 shares, compared to its average volume of 8,419,462. TMC the metals has a 1 year low of $0.72 and a 1 year high of $8.63. The firm has a fifty day moving average price of $6.35 and a 200-day moving average price of $3.97. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -13.82 and a beta of 1.59.

Insider Buying and Selling at TMC the metals

In other news, Director Brendan May sold 44,204 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $7.38, for a total transaction of $326,225.52. Following the transaction, the director directly owned 197,586 shares in the company, valued at $1,458,184.68. The trade was a 18.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in shares of TMC the metals during the 2nd quarter worth approximately $28,000. Wolverine Asset Management LLC boosted its holdings in shares of 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 last quarter. KBC Group NV acquired a new position in TMC the metals in the second quarter valued at approximately $37,000. Quantbot Technologies LP acquired a new position in TMC the metals in the second quarter valued at approximately $48,000. Finally, Marex Group plc acquired a new position in TMC the metals in the second quarter valued at approximately $66,000. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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.