FY2026 EPS Forecast for TMC the metals Decreased by Analyst

TMC the metals company Inc. (NASDAQ:TMC) – Equities research analysts at HC Wainwright lowered their FY2026 earnings estimates for TMC the metals in a report released on Tuesday, March 31st. HC Wainwright analyst H. Ihle now expects that the company will post earnings per share of ($0.47) for the year, down from their previous estimate of ($0.23). 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 ($0.22) per share.

A number of other brokerages also recently commented on TMC. Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, January 21st. Wedbush decreased their price target on shares of TMC the metals from $11.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.88.

TMC the metals Stock Up 1.8%

TMC opened at $4.59 on Thursday. TMC the metals has a 52-week low of $1.60 and a 52-week high of $11.35. The company has a 50 day moving average of $6.09 and a two-hundred day moving average of $6.64. The company has a market cap of $1.90 billion, a P/E ratio of -5.74 and a beta of 2.00.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors have recently added to or reduced their stakes in TMC. Geode Capital Management LLC grew its stake in shares of TMC the metals by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 371,142 shares of the company’s stock valued at $2,288,000 after acquiring an additional 1,566 shares in the last quarter. Howe & Rusling Inc. raised its stake 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 valued at $95,000 after purchasing an additional 3,530 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its holdings in TMC the metals by 44.1% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 12,911 shares of the company’s stock worth $85,000 after buying an additional 3,952 shares during the last quarter. NewEdge Advisors LLC bought a new position in TMC the metals during the second quarter worth $28,000. Finally, Osterweis Capital Management Inc. bought a new position in shares of TMC the metals in the 4th quarter worth about $29,000. Institutional investors and hedge funds 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 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.