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) - Wedbush issued their Q1 2027 EPS estimates for TMC the metals in a research note issued on Tuesday, August 5th. Wedbush analyst D. Ives forecasts that the company will post earnings per share of ($0.07) for the quarter. Wedbush currently has a "Outperform" rating and a $11.00 price target 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 quarterly earnings data on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03).

Separately, HC Wainwright increased their target price on TMC the metals from $5.50 to $7.25 and gave the stock a "buy" rating in a report on Wednesday.

TMC the metals Stock Up 1.8%

NASDAQ:TMC traded up $0.10 during trading hours on Wednesday, hitting $5.62. 5,615,872 shares of the stock were exchanged, compared to its average volume of 12,739,416. The company's 50 day moving average is $6.19 and its two-hundred day moving average is $3.72. The company has a market capitalization of $2.04 billion, a P/E ratio of -24.43 and a beta of 1.59. TMC the metals has a twelve month low of $0.72 and a twelve month high of $8.63.

Insiders Place Their Bets

In other TMC the metals news, Director Brendan May sold 44,204 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $7.38, for a total value of $326,225.52. Following the transaction, the director owned 197,586 shares in the company, valued at approximately $1,458,184.68. The trade was a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony O'sullivan sold 164,317 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $4.49, for a total transaction of $737,783.33. Following the completion of the transaction, the insider owned 1,125,667 shares of the company's stock, valued at $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. Insiders have sold a total of 233,521 shares of company stock valued at $1,259,009 over the last ninety days. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently made changes to their positions in TMC. Wolverine Asset Management LLC increased its stake in 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 buying an additional 4,365 shares in the last quarter. KBC Group NV bought a new stake in shares of TMC the metals in the second quarter worth about $37,000. Corundum Group Inc. bought a new position in shares of TMC the metals during the 2nd quarter valued at approximately $69,000. Creative Planning purchased a new position in shares of TMC the metals in the 2nd quarter worth $76,000. Finally, American Institute for Advanced Investment Management LLP purchased a new position in TMC the metals in the second quarter worth about $86,000. Hedge funds and other institutional investors own 4.39% 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.