HC Wainwright Raises Earnings Estimates for TMC the metals

TMC the metals company Inc. (NASDAQ:TMC) – Equities researchers at HC Wainwright lifted their FY2026 earnings estimates for TMC the metals in a research note issued to investors on Friday, May 15th. HC Wainwright analyst H. Ihle now expects that the company will post earnings of ($0.40) per share for the year, up from their prior estimate of ($0.47). HC Wainwright 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 issued its earnings results on Thursday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01.

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

TMC the metals Price Performance

NASDAQ:TMC opened at $5.16 on Tuesday. TMC the metals has a one year low of $3.54 and a one year high of $11.35. The company has a market cap of $2.24 billion, a P/E ratio of -6.53 and a beta of 1.97. The firm’s fifty day moving average price is $5.25 and its two-hundred day moving average price is $6.16.

Hedge Funds Weigh In On TMC the metals

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arkadios Wealth Advisors acquired a new position in shares of TMC the metals in the first quarter valued at $66,000. Amundi grew its stake in shares of TMC the metals by 13.3% in the first quarter. Amundi now owns 44,186 shares of the company’s stock valued at $206,000 after acquiring an additional 5,202 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of TMC the metals by 38.4% in the first quarter. California State Teachers Retirement System now owns 264,499 shares of the company’s stock valued at $1,235,000 after acquiring an additional 73,365 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of TMC the metals in the first quarter valued at about $3,409,000. Finally, Cetera Investment Advisers grew its stake in shares of TMC the metals by 7.2% in the first quarter. Cetera Investment Advisers now owns 97,912 shares of the company’s stock valued at $457,000 after acquiring an additional 6,576 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.

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.