FY2024 EPS Forecast for TMC the metals Boosted by Analyst

TMC the metals company Inc. (NASDAQ:TMC) – Equities researchers at Edison Inv. Res upped their FY2024 earnings per share (EPS) estimates for TMC the metals in a research note issued to investors on Thursday, March 27th. Edison Inv. Res analyst D. Larkam now anticipates that the company will post earnings of ($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 the metals (NASDAQ:TMC) last released its earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of ($20.18) million for the quarter.

A number of other research firms have also recently commented on TMC. Alliance Global Partners assumed coverage on shares of TMC the metals in a research note on Wednesday, January 15th. They set a “buy” rating and a $3.75 price target for the company. Wedbush restated a “neutral” rating and set a $4.00 target price on shares of TMC the metals in a research report on Friday, March 28th.

TMC the metals Stock Down 3.5 %

NASDAQ TMC opened at $1.66 on Monday. TMC the metals has a 52 week low of $0.72 and a 52 week high of $2.55. The firm has a market capitalization of $538.28 million, a price-to-earnings ratio of -5.35 and a beta of 1.52. The company has a fifty day moving average of $1.78 and a two-hundred day moving average of $1.28.

Institutional Trading of TMC the metals

A number of large investors have recently made changes to their positions in TMC. Tidal Investments LLC lifted its holdings in TMC the metals by 11.9% during the 4th quarter. Tidal Investments LLC now owns 542,938 shares of the company’s stock valued at $608,000 after buying an additional 57,606 shares in the last quarter. Shay Capital LLC increased its position in shares of TMC the metals by 965.6% during the fourth quarter. Shay Capital LLC now owns 932,404 shares of the company’s stock worth $1,044,000 after acquiring an additional 844,904 shares during the period. First Manhattan CO. LLC. raised its stake in shares of TMC the metals by 115.2% during the fourth quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company’s stock valued at $20,974,000 after acquiring an additional 10,025,000 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of TMC the metals by 7,330.9% in the fourth quarter. Jane Street Group LLC now owns 1,345,812 shares of the company’s stock valued at $1,507,000 after purchasing an additional 1,364,424 shares during the period. Finally, XTX Topco Ltd bought a new position in TMC the metals in the fourth quarter worth approximately $65,000. 4.39% of the stock is owned by hedge funds and other 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.