What is Wedbush's Forecast for TMC the metals Q1 Earnings?

Key Points

• Wedbush forecasts TMC the metals to report an earnings per share of ($0.07) for Q1 2027, with a current full-year estimate of ($0.22) per share.
• The stock currently has an Outperform rating from Wedbush with a target price of $11.00, while HC Wainwright has a "buy" rating with a target price of $5.50.
• TMC the metals' stock is showing a market cap of $1.88 billion and has fluctuated between a fifty-two week high of $8.63 and a low of $0.72.

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Investment analysts at Wedbush issued their Q1 2027 earnings per share estimates for TMC the metals in a note issued to investors on Tuesday, August 5th. Wedbush analyst D. Ives anticipates that the company will post earnings per share of ($0.07) for the quarter. Wedbush currently has a "Outperform" rating and a $11.00 target price on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.22) per share. Wedbush also issued estimates for TMC the metals' Q2 2027 earnings at ($0.03) EPS.

TMC the metals (NASDAQ:TMC - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03).

Separately, HC Wainwright assumed coverage on TMC the metals in a report on Tuesday, May 20th. They issued a "buy" rating and a $5.50 target price for the company.

TMC the metals Stock Performance

NASDAQ:TMC opened at $5.18 on Wednesday. The stock has a fifty day moving average price of $6.14 and a 200-day moving average price of $3.64. The company has a market cap of $1.88 billion, a price-to-earnings ratio of -22.52 and a beta of 1.59. TMC the metals has a fifty-two week low of $0.72 and a fifty-two week high of $8.63.

Hedge Funds Weigh In On TMC the metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMC. Allworth Financial LP grew its position in TMC the metals by 48.0% during the first quarter. Allworth Financial LP now owns 14,796 shares of the company's stock worth $25,000 after buying an additional 4,796 shares in the last quarter. Sprott Inc. purchased a new position in shares of TMC the metals in the 1st quarter worth about $26,000. Raymond James Financial Inc. purchased a new position in shares of TMC the metals in the 4th quarter worth about $28,000. Wolverine Asset Management LLC boosted its holdings in shares of TMC the metals by 752.6% in 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 in the last quarter. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in shares of TMC the metals in the 1st quarter worth about $44,000. 4.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TMC the metals

In other TMC the metals news, insider Anthony O'sullivan sold 164,317 shares of the business's 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 directly owned 1,125,667 shares in the company, valued at $5,054,244.83. The trade was a 12.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brendan May sold 44,204 shares of TMC the metals stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $7.38, for a total value of $326,225.52. Following the completion of the transaction, the director owned 197,586 shares of the company's stock, valued at approximately $1,458,184.68. This trade represents a 18.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 233,521 shares of company stock worth $1,259,009. Corporate 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.

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