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

TMC the metals (NASDAQ:TMC)‘s stock had its “neutral” rating reissued by Wedbush in a research report issued on Friday,Benzinga reports. They presently have a $4.00 target price on the stock. Wedbush’s price target suggests a potential upside of 132.56% from the company’s current price. 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 assumed coverage on 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.

TMC the metals Stock Performance

Shares of TMC opened at $1.72 on Friday. The company has a market capitalization of $557.73 million, a PE ratio of -5.55 and a beta of 1.52. The company’s 50 day moving average price is $1.78 and its 200 day moving average price is $1.27. TMC the metals has a 52 week low of $0.72 and a 52 week high of $2.55.

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

Insiders Place Their Bets

In other TMC the metals news, insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $1.11, for a total value of $240,979.89. Following the completion of the sale, the insider now owns 998,170 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 30.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new position in TMC the metals during the fourth quarter valued at approximately $28,000. Tidal Investments LLC boosted its holdings in shares of TMC the metals by 32.6% during the 3rd quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock worth $514,000 after buying an additional 119,335 shares during the period. Virtu Financial LLC acquired a new position in TMC the metals in the 3rd quarter valued at $44,000. SBI Securities Co. Ltd. bought a new position in TMC the metals in the 4th quarter worth $94,000. Finally, Independent Advisor Alliance acquired a new position in TMC the metals during the 4th quarter worth $42,000. 4.39% of the stock is owned by 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.