TMC the metals company Inc. (NASDAQ:TMC) to Post Q1 2025 Earnings of ($0.01) Per Share, Wedbush Forecasts

TMC the metals company Inc. (NASDAQ:TMC) – Equities researchers at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for TMC the metals in a research report issued on Wednesday, March 27th. Wedbush analyst D. Ives anticipates that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for TMC the metals’ current full-year earnings is ($0.34) per share. Wedbush also issued estimates for TMC the metals’ Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS and Q4 2025 earnings at ($0.02) EPS.

TMC the metals Price Performance

Shares of TMC opened at $1.34 on Thursday. TMC the metals has a 1 year low of $0.65 and a 1 year high of $3.20. The company’s 50 day simple moving average is $1.40 and its 200 day simple moving average is $1.20.

Insider Activity at TMC the metals

In other TMC the metals news, CFO Craig Shesky sold 233,424 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total transaction of $375,812.64. Following the completion of the sale, the chief financial officer now owns 947,242 shares of the company’s stock, valued at $1,525,059.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 31.30% of the company’s stock.

Institutional Trading of TMC the metals

A number of hedge funds have recently made changes to their positions in the company. First Manhattan Co. grew its stake in TMC the metals by 442.0% during the 4th quarter. First Manhattan Co. now owns 5,420,000 shares of the company’s stock valued at $4,173,000 after purchasing an additional 4,420,000 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in TMC the metals by 7,391.3% during the 1st quarter. Baird Financial Group Inc. now owns 1,198,600 shares of the company’s stock worth $3,104,000 after buying an additional 1,182,600 shares during the last quarter. Bank of Montreal Can increased its stake in TMC the metals by 5,685.4% during the first quarter. Bank of Montreal Can now owns 607,470 shares of the company’s stock valued at $1,331,000 after purchasing an additional 596,970 shares during the last quarter. Old West Investment Management LLC lifted its position in shares of TMC the metals by 174.1% in the 2nd quarter. Old West Investment Management LLC now owns 796,615 shares of the company’s stock worth $1,298,000 after buying an additional 506,020 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its holdings in TMC the metals by 9.0% in the first quarter. First Manhattan CO. LLC. now owns 5,910,000 shares of the company’s stock worth $4,899,000 after acquiring an additional 490,000 shares during the last quarter. 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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.