TMC the metals (NASDAQ:TMC) Announces Quarterly Earnings Results

Posted by Linda Flegge on Mar 29th, 2025

TMC the metals (NASDAQ:TMC – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01, Zacks reports. The firm had revenue of ($20.18) million for the quarter.

TMC the metals Trading Up 1.2 %

TMC opened at $1.72 on Friday. The stock’s fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.26. TMC the metals has a 1-year low of $0.72 and a 1-year high of $2.55. The stock has a market cap of $557.73 million, a PE ratio of -5.55 and a beta of 1.52.

Insider Buying and Selling at TMC the metals

In other news, insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $1.11, for a total transaction of $240,979.89. Following the completion of the sale, the insider now owns 998,170 shares in the company, valued at $1,107,968.70. The trade was a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TMC. Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of TMC the metals in a research report on Friday. Alliance Global Partners initiated coverage on shares of TMC the metals in a report on Wednesday, January 15th. They issued a “buy” rating and a $3.75 target price on the stock.

Get Our Latest Stock Report on TMC

TMC the metals Company Profile

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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.