HC Wainwright Raises Earnings Estimates for TMC the metals

TMC the metals company Inc. (NASDAQ:TMC) – Stock analysts at HC Wainwright increased their FY2026 earnings estimates for TMC the metals in a research note issued on Friday, May 15th. HC Wainwright analyst H. Ihle now forecasts that the company will earn ($0.40) per share for the year, up from their previous estimate of ($0.47). HC Wainwright currently has a “Buy” rating and a $11.75 price target on the stock. The consensus estimate for TMC the metals’ current full-year earnings is ($0.36) per share.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01.

Other equities research analysts have also recently issued research reports about the stock. Wedbush upped their price objective on shares of TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TMC the metals in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of TMC the metals from a “strong sell” rating to a “sell” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TMC the metals currently has an average rating of “Hold” and a consensus target price of $10.88.

TMC the metals Stock Performance

TMC stock opened at $5.16 on Tuesday. The company’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $6.16. TMC the metals has a 52 week low of $3.54 and a 52 week high of $11.35. The company has a market capitalization of $2.24 billion, a PE ratio of -6.53 and a beta of 1.97.

Institutional Investors Weigh In On TMC the metals

A number of hedge funds have recently made changes to their positions in TMC. Encompass Capital Advisors LLC acquired a new stake in shares of TMC the metals in the 4th quarter valued at approximately $18,510,000. Renaissance Technologies LLC acquired a new stake in shares of TMC the metals in the 1st quarter valued at approximately $3,409,000. UBS Group AG boosted its stake in shares of TMC the metals by 869.6% in the 3rd quarter. UBS Group AG now owns 630,757 shares of the company’s stock valued at $4,018,000 after purchasing an additional 712,717 shares in the last quarter. Old West Investment Management LLC boosted its stake in shares of TMC the metals by 49.6% in the 3rd quarter. Old West Investment Management LLC now owns 1,997,238 shares of the company’s stock valued at $12,722,000 after purchasing an additional 662,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of TMC the metals by 234.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 678,540 shares of the company’s stock valued at $4,187,000 after purchasing an additional 475,464 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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.