Brokers Offer Predictions for TMC the metals FY2027 Earnings

TMC the metals company Inc. (NASDAQ:TMC) – Stock analysts at Wedbush issued their FY2027 EPS estimates for TMC the metals in a research report issued to clients and 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.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03).

Separately, HC Wainwright began coverage on shares of 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 Trading Down 5.2%

Shares of TMC the metals stock opened at $6.81 on Thursday. TMC the metals has a 12-month low of $0.72 and a 12-month high of $8.12. The stock has a market cap of $2.47 billion, a PE ratio of -29.61 and a beta of 1.46. The company has a 50-day moving average of $4.29 and a two-hundred day moving average of $2.54.

Institutional Trading of TMC the metals

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 during the period. Sprott Inc. purchased a new stake in TMC the metals in the 1st quarter worth approximately $26,000. Gray Wealth Management Inc. grew its stake in TMC the metals by 59.7% in the 4th quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company’s stock worth $27,000 after acquiring an additional 8,863 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in TMC the metals in the 4th quarter worth approximately $28,000. Finally, Raymond James Financial Inc. acquired a new position in shares of TMC the metals in the 4th quarter valued at $28,000. 4.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TMC the metals

In other TMC the metals news, Director Brendan May sold 44,204 shares of TMC the metals stock in a transaction that occurred 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 sale, the director now directly owns 197,586 shares of the company’s stock, valued at approximately $1,458,184.68. The trade was a 18.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig Shesky sold 353,702 shares of TMC the metals 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 sale, the chief financial officer now directly owns 1,145,717 shares of the company’s stock, valued at $1,901,890.22. The trade was a 23.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 587,223 shares of company stock valued at $1,846,154. Corporate insiders own 28.50% 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.