FY2026 EPS Estimates for TMC the metals Decreased by Analyst

TMC the metals company Inc. (NASDAQ:TMC) – Equities research analysts at HC Wainwright decreased their FY2026 earnings per share estimates for shares of TMC the metals in a research report issued to clients and investors on Friday, August 14th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.42) per share for the year, down from their prior estimate of ($0.40). HC Wainwright has a “Buy” rating and a $11.75 price objective on the stock. The consensus estimate for TMC the metals’ current full-year earnings is ($0.31) per share.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.08).

A number of other brokerages have also issued reports on TMC. Wedbush lifted their target price on TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Maxim Group began coverage on shares of TMC the metals in a research note on Thursday, June 4th. They set a “buy” rating and a $10.00 price target for the company. Wall Street Zen upgraded shares of TMC the metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of TMC the metals in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $10.58.

TMC the metals Price Performance

TMC stock opened at $3.77 on Tuesday. The stock has a market capitalization of $1.63 billion, a P/E ratio of -5.16 and a beta of 2.06. TMC the metals has a fifty-two week low of $3.40 and a fifty-two week high of $11.35. The business has a 50-day moving average of $4.29 and a 200-day moving average of $5.17.

Insider Activity at TMC the metals

In other news, Director Brendan May sold 20,768 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $6.42, for a total value of $133,330.56. Following the completion of the transaction, the director owned 193,346 shares in the company, valued at $1,241,281.32. This trade represents a 9.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 28.50% of the stock is currently owned by corporate insiders.

Institutional Trading of TMC the metals

A number of hedge funds and other institutional investors have recently modified their holdings of TMC. Coastal Bridge Advisors LLC acquired a new position in TMC the metals during the second quarter valued at approximately $44,000. Capstone Investment Advisors LLC acquired a new position in shares of TMC the metals during the 2nd quarter worth approximately $330,000. Corient Private Wealth LP bought a new stake in shares of TMC the metals during the 2nd quarter worth approximately $93,000. Bank of America Corp DE bought a new stake in shares of TMC the metals during the 2nd quarter worth approximately $855,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of TMC the metals in the 2nd quarter valued at approximately $49,000. Institutional investors and hedge funds 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. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.