Wedbush Comments on TMC the metals FY2027 Earnings

TMC the metals company Inc. (NASDAQ:TMC) – Research analysts at Wedbush issued their FY2027 EPS estimates for TMC the metals in a note issued to investors on Wednesday, June 25th. Wedbush analyst D. Ives anticipates that the company will earn ($0.05) per share for the year. Wedbush 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’ FY2028 earnings at $0.37 EPS.

Separately, HC Wainwright started coverage on TMC the metals in a report on Tuesday, May 20th. They issued a “buy” rating and a $5.50 price objective for the company.

TMC the metals Stock Down 4.1%

TMC opened at $7.18 on Thursday. The stock has a market cap of $2.60 billion, a PE ratio of -31.22 and a beta of 1.46. The business has a 50 day moving average of $4.22 and a 200-day moving average of $2.50. TMC the metals has a 52 week low of $0.72 and a 52 week high of $8.12.

TMC the metals (NASDAQ:TMC) 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).

Insider Buying and Selling

In related news, CFO Craig Shesky sold 353,702 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.66, for a total transaction of $587,145.32. Following the completion of the transaction, the chief financial officer now owns 1,145,717 shares of the company’s stock, valued at $1,901,890.22. This trade represents a 23.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $4.49, for a total value of $737,783.33. Following the transaction, the insider now owns 1,125,667 shares of the company’s stock, valued at $5,054,244.83. The trade was a 12.74% decrease in their position. The disclosure for this sale can be found here. 28.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TMC the metals

Several large investors have recently modified their holdings of the stock. First Manhattan CO. LLC. increased its stake in TMC the metals by 115.2% during the 4th quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company’s stock valued at $20,974,000 after purchasing an additional 10,025,000 shares in the last quarter. Old West Investment Management LLC lifted its stake in shares of TMC the metals by 100.0% in the first quarter. Old West Investment Management LLC now owns 4,270,076 shares of the company’s stock worth $7,345,000 after buying an additional 2,135,038 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of TMC the metals by 35.1% in the first quarter. Baird Financial Group Inc. now owns 2,946,027 shares of the company’s stock worth $5,067,000 after buying an additional 766,167 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of TMC the metals by 7,330.9% during the fourth quarter. Jane Street Group LLC now owns 1,345,812 shares of the company’s stock valued at $1,507,000 after buying an additional 1,364,424 shares during the last quarter. Finally, Shay Capital LLC increased its position in shares of TMC the metals by 965.6% during the fourth quarter. Shay Capital LLC now owns 932,404 shares of the company’s stock valued at $1,044,000 after acquiring an additional 844,904 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

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.