Edison Inv. Res Boosts Earnings Estimates for TMC the metals

TMC the metals company Inc. (NASDAQ:TMC) – Research analysts at Edison Inv. Res raised their FY2024 earnings per share (EPS) estimates for shares of TMC the metals in a report issued on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now expects that the company will earn ($0.16) per share for the year, up from their previous forecast of ($0.17). The consensus estimate for TMC the metals’ current full-year earnings is ($0.22) per share. Edison Inv. Res also issued estimates for TMC the metals’ FY2025 earnings at ($0.12) EPS.

TMC has been the topic of several other reports. Alliance Global Partners initiated coverage on TMC the metals in a research report on Wednesday, January 15th. They issued a “buy” rating and a $3.75 price objective on the stock. Wedbush reissued a “neutral” rating and issued a $4.00 price target on shares of TMC the metals in a report on Friday, March 28th.

TMC the metals Stock Performance

TMC opened at $1.66 on Monday. TMC the metals has a fifty-two week low of $0.72 and a fifty-two week high of $2.55. The stock has a market cap of $538.28 million, a price-to-earnings ratio of -5.35 and a beta of 1.52. The firm’s fifty day moving average is $1.78 and its 200 day moving average is $1.28.

TMC the metals (NASDAQ:TMC) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of ($20.18) million during the quarter.

Institutional Trading of TMC the metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new position in shares of TMC the metals during the fourth quarter valued at about $28,000. Tidal Investments LLC boosted its stake in TMC the metals by 32.6% during the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after buying an additional 119,335 shares during the last quarter. Virtu Financial LLC purchased a new position in TMC the metals during the 3rd quarter valued at approximately $44,000. SBI Securities Co. Ltd. bought a new stake in TMC the metals in the 4th quarter worth approximately $94,000. Finally, Independent Advisor Alliance purchased a new stake in shares of TMC the metals during the 4th quarter worth approximately $42,000. 4.39% of the stock is currently owned by institutional investors.

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.