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TMC

TMC the metals company Inc.

Industry

Industrial Materials

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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. The company primarily explores for nickel, cobalt, copper, and manganese products. TMC the metals company Inc., through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the CCZ of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, clean energy transmission, manganese alloy production required for steel production, and other applications. The company was formerly known as Sustainable Opportunities Acquisition Corporation and changed its name to TMC the metals company Inc. TMC the metals company Inc. was incorporated in 2019 and is based in Vancouver, Canada.

Open

0.96

Mkt cap

322M

Volume

1.7M

High

1.03

P/E Ratio

-3.32

52-wk high

2.07

Low

0.95

Div yield

N/A

52-wk low

0.80

The Metals Company (TMC) reported a Q3 earnings per share (EPS) of $(0.04).

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:02 pm

TMC Metals is set to release its latest quarterly earnings report on November 9, 2023. Analysts estimate an earnings per share (EPS) of $-0.10. The company's past performance shows a pattern of beating EPS estimates, which has often resulted in an increase in share price. The company's shares are currently trading at $1.04 and have seen a 15.48% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 6:01 pm

Several US stocks traded lower in Friday's pre-market session. DigitalOcean Holdings, Beneficient, Planet Labs, Vir Biotechnology, TMC the metals company, Clarivate, GameStop, and Koninklijke Philips all recorded losses. Planet Labs' drop followed downbeat Q2 results and a weak Q3 forecast. GameStop's decline comes amid reports of an SEC investigation into Ryan Cohen's trades in Bed Bath & Beyond stock.

Portfolio Pulse from Lisa Levin

September 08, 2023 | 10:39 am

TMC and Kongsberg Digital have announced the next phase of their agreement to further develop their Digital Twin, which will integrate multiple data streams from TMC's future production system. This will enable 3D visualization of its deep-sea operating environment, providing 'eyes and ears' to the regulator and stakeholders.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 12:49 pm

TMC Metals's (NYSE:TMC) short percent of float has risen 8.86% since its last report, with 8.05 million shares sold short, which is 3.81% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. TMC Metals's peer group average for short interest as a percentage of float is 3.01%, which means the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 2:01 pm

Several US stocks traded down, with Farfetch Ltd, Faraday Future Intelligent Electric Inc, TriSalus Life Sciences Inc, Beneficient, Pharvaris NV, VinFast Auto, Genelux Corp, Nautilus Biotechnology Inc, VNET Group Inc, Jiayin Group Inc, and TMC The Metals Company Inc all recording losses. Factors contributing to the decline include soft quarterly results, weak guidance, exit from the beauty category, delivery of first EV for the ultra-luxury market, concerns over further interest rate hikes by the Federal Reserve, and second-quarter results.

Portfolio Pulse from Lisa Levin

August 18, 2023 | 3:46 pm

US stocks traded down with the Nasdaq Composite falling more than 101 points. Deere & Company reported better than expected Q3 results and raised its fiscal 2023 guidance, but its stock declined 3.9% due to concerns over the end of the agricultural equipment demand boom. Other stocks mentioned include Nautilus Biotechnology, Meta Data Ltd, Hawaiian Electric Industries, TriSalus Life Sciences, Jiayin Group, and TMC The Metals Company.

Portfolio Pulse from Lisa Levin

August 18, 2023 | 3:08 pm

Several stocks are recording losses in today's pre-market trading session. Sacks Parente Golf shares tumbled 27.9% after announcing the pricing of its $12.8 million IPO. Coherent Corp shares declined 21.9% following the company's Q4 results. VinFast Auto shares fell 11.9% after recently completing its SPAC merger. Tower Semiconductor and Intel mutually agreed to terminate their merger deal, leading to an 11.8% dip in Tower Semiconductor shares. Mercury Systems shares declined 10.2% after reporting weaker-than-expected Q4 results and a weak FY24 forecast. TMC the metals company shares fell 5.5%, Canoo Inc fell 5% following its Q2 results, and NIO Inc fell 4% ahead of its Q2 2023 results announcement.

Portfolio Pulse from Lisa Levin

August 16, 2023 | 10:01 am

Wedbush analyst Daniel Ives has reiterated a Neutral rating on TMC Metals (NASDAQ:TMC) and maintained a $4 price target.

Portfolio Pulse from richadhand@benzinga.com

August 15, 2023 | 1:11 pm

The article lists the stocks that gained and lost the most in Monday's mid-day session. Zynerba Pharmaceuticals, Taysha Gene Therapies, Hanryu Holdings, TMC the metals company, and United States Steel Corporation were among the top gainers. On the other hand, BioXcel Therapeutics, Hawaiian Electric Industries, Aurora Acquisition Corp., AMC Entertainment Holdings, and Jet.AI Inc. were among the top losers.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 4:49 pm

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