TMC the metals (TMC) Set to Announce Quarterly Earnings on Monday

TMC the metals (NASDAQ:TMCGet Rating) is set to release its earnings data after the market closes on Monday, May 9th. Analysts expect TMC the metals to post earnings of ($0.11) per share for the quarter.

Shares of TMC stock opened at $1.54 on Monday. TMC the metals has a 52-week low of $1.15 and a 52-week high of $15.39. The business’s fifty day moving average is $2.05 and its 200 day moving average is $2.23.

In other TMC the metals news, Director Andrew Hall bought 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The shares were bought at an average cost of $2.13 per share, with a total value of $59,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerard Barron bought 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 30th. The stock was acquired at an average cost of $2.19 per share, for a total transaction of $50,370.00. The disclosure for this purchase can be found here. Insiders have acquired 66,000 shares of company stock worth $137,010 in the last 90 days. Company insiders own 30.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of TMC. Schonfeld Strategic Advisors LLC bought a new stake in TMC the metals during the 4th quarter valued at approximately $50,000. Citigroup Inc. bought a new stake in TMC the metals in the fourth quarter worth $88,000. Morgan Stanley bought a new position in shares of TMC the metals during the third quarter valued at $95,000. Virtu Financial LLC bought a new position in shares of TMC the metals during the fourth quarter valued at $170,000. Finally, Geode Capital Management LLC bought a new position in shares of TMC the metals during the fourth quarter valued at $196,000. 34.01% of the stock is currently owned by institutional investors.

Separately, Piper Sandler lowered their price target on TMC the metals from $3.00 to $2.50 in a research report on Tuesday, January 11th.

TMC the metals Company Profile (Get Rating)

TMC the metals company Inc engages in the exploration of battery-grade metals. It primarily explores for nickel sulfate, cobalt sulfate, copper, and manganese products. The company, through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.

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