Wedbush Reiterates Neutral Rating for TMC the metals (NASDAQ:TMC)

TMC the metals (NASDAQ:TMC)‘s stock had its “neutral” rating restated by stock analysts at Wedbush in a research note issued to investors on Friday,Benzinga reports. They currently have a $4.00 price objective on the stock. Wedbush’s price target points to a potential upside of 132.56% from the company’s previous close. 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 started 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 objective on the stock.

TMC the metals Stock Up 1.2 %

TMC the metals stock opened at $1.72 on Friday. The firm has a 50-day moving average price of $1.78 and a two-hundred day moving average price of $1.27. 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 $557.73 million, a price-to-earnings ratio of -5.55 and a beta of 1.52.

TMC the metals (NASDAQ:TMC) last issued its quarterly earnings data on Thursday, March 27th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million during the quarter. Research analysts expect that TMC the metals will post -0.22 earnings per share for the current year.

Insider Activity at TMC the metals

In related news, insider Erika Ilves sold 217,099 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 998,170 shares of the company’s stock, valued at $1,107,968.70. This trade represents a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 30.00% of the company’s stock.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gray Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 8,863 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of TMC the metals in the fourth quarter valued at $28,000. Oppenheimer & Co. Inc. acquired a new stake in shares of TMC the metals during the 4th quarter valued at $28,000. Independent Advisor Alliance bought a new stake in shares of TMC the metals during the 4th quarter worth $42,000. Finally, Virtu Financial LLC acquired a new position in shares of TMC the metals in the 3rd quarter worth $44,000. 4.39% of the stock is owned by institutional investors and hedge funds.

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.