HC Wainwright Forecasts Strong Price Appreciation for TMC the metals (NASDAQ:TMC) Stock

TMC the metals (NASDAQ:TMC) had its target price hoisted by equities research analysts at HC Wainwright from $7.50 to $11.75 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 26.60% from the company’s current price.

TMC has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Wednesday. Zacks Research upgraded TMC the metals from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of TMC the metals in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.38.

TMC the metals Stock Performance

TMC traded up $0.96 during midday trading on Friday, hitting $9.28. The company had a trading volume of 14,796,948 shares, compared to its average volume of 10,664,543. TMC the metals has a twelve month low of $1.42 and a twelve month high of $11.35. The company has a market capitalization of $3.84 billion, a PE ratio of -12.08 and a beta of 1.85. The firm’s 50-day simple moving average is $6.83 and its 200-day simple moving average is $6.60.

TMC the metals (NASDAQ:TMC) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). As a group, sell-side analysts anticipate that TMC the metals will post -0.22 EPS for the current fiscal year.

Insider Transactions at TMC the metals

In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of TMC the metals stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $6.77, for a total value of $338,500.00. Following the sale, the insider directly owned 2,025,667 shares in the company, valued at approximately $13,713,765.59. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 27.60% of the company’s stock.

Institutional Trading of TMC the metals

A number of hedge funds and other institutional investors have recently modified their holdings of TMC. NewEdge Advisors LLC bought a new stake in TMC the metals during the second quarter worth about $28,000. Wolverine Asset Management LLC increased its position in shares of TMC the metals by 752.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company’s stock worth $33,000 after purchasing an additional 4,365 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of TMC the metals during the 3rd quarter worth approximately $34,000. KBC Group NV acquired a new stake in shares of TMC the metals in the 2nd quarter valued at approximately $37,000. Finally, Quantbot Technologies LP bought a new position in shares of TMC the metals in the second quarter valued at $48,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

More TMC the metals News

Here are the key news stories impacting TMC the metals this week:

• Positive Sentiment: TMC’s U.S. subsidiary filed a consolidated NOAA application seeking exploration and commercial recovery permits that would expand its expected permit area to ~65,000 km2 — a material increase in the company’s accessible resource base and a clear step toward commercial scale. GlobeNewswire Release
• Positive Sentiment: An independent analysis cited by Seeking Alpha values TMC’s combined projects at an after‑tax NPV of roughly $23.6 billion — far above current market capitalization — reinforcing a bullish narrative that the stock may be materially undervalued if commercialization proceeds. Seeking Alpha Article
• Positive Sentiment: Significant call‑option buying (55,622 calls traded, ~+89% vs typical volume) suggests speculative or directional bullish positioning by traders anticipating further upside or news momentum. No external link
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating and set an $11 price target, providing sell‑side validation and a near‑term upside reference for investors. Benzinga Coverage
• Positive Sentiment: Policy tailwind: reporting indicates the current U.S. administration is moving to streamline or speed permits for deep‑sea mining in international waters, which would lower regulatory friction for TMC’s path from exploration to extraction. Yahoo Finance
• Positive Sentiment: TMC prevailed in a legal challenge related to a debt accounting correction, removing an overhang and potential liability uncertainty for investors. Bloomberg Law
• Neutral Sentiment: Widespread media coverage (MarketWatch, Investing.com, TipRanks and others) is amplifying the filings and policy news; increased attention can boost volume and volatility but does not by itself change fundamentals. MarketWatch
• Negative Sentiment: TMC missed on its most recent quarterly EPS (reported ($0.14) vs. consensus ($0.06)) and analysts still expect negative EPS for the fiscal year, highlighting that commercial revenue is not yet realized and valuation is dependent on successful permitting and development. No external link

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. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.