Brokers Set Expectations for TMC the metals FY2026 Earnings

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

Several other research firms have also commented on TMC. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a report on Wednesday, January 21st. Wedbush cut their price objective on shares of TMC the metals from $11.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday. Two equities 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. Based on data from MarketBeat, TMC the metals presently has an average rating of “Hold” and a consensus target price of $9.88.

TMC the metals Price Performance

NASDAQ:TMC opened at $4.51 on Thursday. TMC the metals has a 1-year low of $1.60 and a 1-year high of $11.35. The company has a 50-day moving average of $6.16 and a 200 day moving average of $6.66. The firm has a market cap of $1.86 billion, a PE ratio of -5.64 and a beta of 2.00.

Institutional Trading of TMC the metals

Hedge funds have recently modified their holdings of the company. Encompass Capital Advisors LLC bought a new stake in shares of TMC the metals in the 4th quarter valued at about $18,510,000. Jump Financial LLC bought a new position in shares of TMC the metals during the 2nd quarter worth approximately $6,216,000. UBS Group AG raised its stake in shares of TMC the metals by 869.6% during the 3rd quarter. UBS Group AG now owns 630,757 shares of the company’s stock worth $4,018,000 after acquiring an additional 712,717 shares in the last quarter. Old West Investment Management LLC lifted its position in TMC the metals by 49.6% during the third quarter. Old West Investment Management LLC now owns 1,997,238 shares of the company’s stock valued at $12,722,000 after acquiring an additional 662,200 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in TMC the metals by 234.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 678,540 shares of the company’s stock valued at $4,187,000 after acquiring an additional 475,464 shares during the last quarter. 4.39% of the stock is owned by hedge funds and other institutional investors.

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.