Wall Street Zen upgraded shares of TMC the metals (NASDAQ:TMC – Free Report) from a strong sell rating to a sell rating in a research note released on Saturday.
TMC has been the subject of several other reports. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Monday, April 20th. HC Wainwright boosted their price objective on shares of TMC the metals from $7.50 to $11.75 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, Wedbush boosted their price objective on shares of TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, TMC the metals has a consensus rating of “Hold” and a consensus target price of $10.88.
Get Our Latest Stock Analysis on TMC
TMC the metals Trading Down 5.1%
TMC the metals (NASDAQ:TMC – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Analysts forecast that TMC the metals will post -0.36 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of TMC the metals by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 371,142 shares of the company’s stock worth $2,288,000 after acquiring an additional 1,566 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of TMC the metals by 31.2% in the 3rd quarter. Howe & Rusling Inc. now owns 14,855 shares of the company’s stock worth $95,000 after acquiring an additional 3,530 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of TMC the metals in the 2nd quarter worth about $28,000. Osterweis Capital Management Inc. bought a new position in shares of TMC the metals in the 4th quarter worth about $29,000. Finally, Farther Finance Advisors LLC grew its stake in shares of TMC the metals by 465.8% in the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock valued at $35,000 after buying an additional 4,681 shares during the period. 4.39% of the stock is owned by institutional investors.
Trending Headlines about TMC the metals
Here are the key news stories impacting TMC the metals this week:
- Positive Sentiment: TMC reported Q1 EPS of $0.05, ahead of the consensus estimate of a $0.06 loss, showing a better-than-expected bottom line for the quarter. Earnings report and transcript
- Positive Sentiment: The company highlighted progress on strategic partnerships, including an advancing Allseas arrangement, which supports its plan to move toward deep-sea mineral recovery and future commercialization. Allseas and permit timeline article
- Positive Sentiment: Investor interest remains supported by the company’s exposure to critical minerals, which are increasingly tied to energy, defense, manufacturing, and infrastructure demand. MarketBeat analysis
- Neutral Sentiment: TMC provided a first-quarter corporate update and earnings-call commentary, but the business is still pre-revenue and heavily dependent on future permitting and project milestones. Corporate update
- Negative Sentiment: Management’s timeline points to a Q1 2027 commercial recovery permit and late-2027 commissioning, underscoring that revenue generation is still far away and execution risks remain significant. TipRanks earnings call summary
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. 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.
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