TMC the metals’ (TMC) “Neutral” Rating Reiterated at Wedbush

Wedbush reissued their neutral rating on shares of TMC the metals (NASDAQ:TMC) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $4.00 target price on the stock. Wedbush also issued estimates for TMC the metals’ Q1 2026 earnings at ($0.04) EPS, Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.04) EPS and Q4 2026 earnings at ($0.02) EPS.

Separately, Alliance Global Partners initiated coverage on TMC the metals in a research note on Wednesday, January 15th. They issued a “buy” rating and a $3.75 target price on the stock.

TMC the metals Price Performance

Shares of TMC the metals stock opened at $1.72 on Friday. TMC the metals has a 1 year low of $0.72 and a 1 year high of $2.55. The company has a 50-day moving average of $1.78 and a 200 day moving average of $1.27. The firm has a market cap of $557.73 million, a price-to-earnings ratio of -5.55 and a beta of 1.52.

TMC the metals (NASDAQ:TMC) last released its earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of ($20.18) million for the quarter. On average, equities analysts anticipate that TMC the metals will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gray Wealth Management Inc. raised its holdings in TMC the metals by 59.7% in the 4th quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company’s stock worth $27,000 after acquiring an additional 8,863 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of TMC the metals in the fourth quarter worth $28,000. Oppenheimer & Co. Inc. bought a new position in shares of TMC the metals during the fourth quarter valued at $28,000. Independent Advisor Alliance purchased a new stake in shares of TMC the metals during the fourth quarter valued at $42,000. Finally, Virtu Financial LLC bought a new stake in TMC the metals in the 3rd quarter worth about $44,000. Institutional investors own 4.39% of the company’s stock.

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.