The Metals Company's Q3 net loss widens, impacted by non-cash items

Reuters

Nov 14

<a href="https://laohu8.com/S/TMC">The Metals Company</a>'s Q3 net loss widens, impacted by non-cash items

Overview

The Metals Company reports Q3 net loss of $184.5 mln, impacted by non-cash items
Company completes Pre-Feasibility Study, declares world-first nodule reserves
TMC produces battery-grade manganese sulfate, advancing U.S. manganese independence

Outlook

Company expects commercial production to start in Q4 2027, pending permit approval

Result Drivers

NON-CASH ITEMS - Q3 results impacted by non-cash items including share-based compensation and changes in royalty and warrant liabilities
PRE-FEASIBILITY STUDY - Completion of Pre-Feasibility Study and Initial Assessment amid increased investment in critical minerals
MANGANESE SULFATE PRODUCTION - Successful production of battery-grade manganese sulfate from seafloor nodules

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 EPS		-$0.46
Q3 Net Income		-$184.50 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for TMC the metals company Inc is $7.25, about 22.2% above its November 12 closing price of $5.64

Press Release: ID:nGNXb3hb4P

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFXG1179.USD","symbol_name":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251113:nL1N3WP17C:1","article_id":"2583141185","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583141185","pubTimestamp":1763068289,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The Metals Company's Q3 net loss widens, impacted by non-cash itemsOverviewThe Metals Company reports Q3 net loss of $184.5 mln, impacted by non-cash itemsCompany completes Pre-Feasibility Study, decl","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","CMC":"美国工商五金公司","LU0971096721.USD":"富达环球金融服务 A","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4168":"多种金属与采矿","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU0882574139.USD":"富达环球消费行业基金A ACC","BK4563":"昨日强势股","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","BK4006":"钢铁","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0149725797.USD":"汇丰美国股市经济规模基金","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","TMC":"The Metals Company","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H"},"translate_title":"受非现金项目影响，金属公司第三季度净亏损扩大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMC":0.9,"CMC":0.9},"content_text":"The Metals Company's Q3 net loss widens, impacted by non-cash itemsOverviewThe Metals Company reports Q3 net loss of $184.5 mln, impacted by non-cash itemsCompany completes Pre-Feasibility Study, declares world-first nodule reservesTMC produces battery-grade manganese sulfate, advancing U.S. manganese independenceOutlookCompany expects commercial production to start in Q4 2027, pending permit approvalResult DriversNON-CASH ITEMS - Q3 results impacted by non-cash items including share-based compensation and changes in royalty and warrant liabilitiesPRE-FEASIBILITY STUDY - Completion of Pre-Feasibility Study and Initial Assessment amid increased investment in critical mineralsMANGANESE SULFATE PRODUCTION - Successful production of battery-grade manganese sulfate from seafloor nodulesKey DetailsMetricBeat/MissActualConsensus EstimateQ3 EPS-$0.46Q3 Net Income-$184.50 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", no \"hold\" and no \"sell\" or \"strong sell\"Wall Street's median 12-month price target for TMC the metals company Inc is $7.25, about 22.2% above its November 12 closing price of $5.64Press Release: ID:nGNXb3hb4PFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}