TMC the metals’ (TMC) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of TMC the metals (NASDAQ:TMC) in a report released on Thursday,Benzinga reports. Wedbush currently has a $11.00 target price on the stock.

Several other analysts have also weighed in on TMC. Zacks Research raised TMC the metals from a “strong sell” rating to a “hold” rating in a report on Thursday, November 13th. HC Wainwright boosted their price target on TMC the metals from $7.25 to $7.50 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $11.38.

TMC the metals Trading Up 13.5%

TMC the metals stock opened at $9.44 on Thursday. TMC the metals has a 52 week low of $1.42 and a 52 week high of $11.35. The stock has a market cap of $3.90 billion, a P/E ratio of -12.26 and a beta of 1.85. The stock has a 50 day moving average of $6.92 and a 200-day moving average of $6.62.

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

Insider Activity

In other news, insider Anthony O’sullivan sold 50,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $6.77, for a total transaction of $338,500.00. Following the completion of the transaction, the insider owned 2,025,667 shares of the company’s stock, valued at approximately $13,713,765.59. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 27.60% of the company’s stock.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC bought a new position in shares of TMC the metals in the second quarter valued at approximately $28,000. Wolverine Asset Management LLC boosted its stake in TMC the metals by 752.6% during the second quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company’s stock valued at $33,000 after buying an additional 4,365 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in TMC the metals in the third quarter worth about $34,000. KBC Group NV bought a new position in shares of TMC the metals during the 2nd quarter valued at about $37,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of TMC the metals by 465.8% in the 4th quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock worth $35,000 after purchasing an additional 4,681 shares in the last quarter. Institutional investors own 4.39% of the company’s stock.

TMC the metals News Summary

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

• Positive Sentiment: TMC’s U.S. subsidiary submitted a consolidated NOAA application expanding its expected commercial recovery permit area to ~65,000 km² in the Clarion‑Clipperton Zone — a material step toward securing permits needed for large‑scale nodule recovery. TMC USA Files First Consolidated Deep-Seabed Mining Application
• Positive Sentiment: HC Wainwright raised its price target to $11.75 and moved to a “buy” rating, signaling institutional optimism and providing fresh analyst support for upside. HC Wainwright Price Target Raise
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating with an $11 target, adding to the analyst momentum behind the stock. Wedbush Rating
• Positive Sentiment: A Seeking Alpha analysis highlights a large resource base and economic studies valuing TMC projects at an after‑tax NPV (~$23.6B) well above current market cap, underpinning bullish investor narratives about long‑term value. TMC: Ride Path To Deep-Sea Mining Success
• Positive Sentiment: Bloomberg Law reports TMC prevailed in a suit over its debt accounting fix — a legal win that reduces near‑term corporate governance/legal overhang. TMC Beats Investor Suit
• Neutral Sentiment: Unusually large options activity (≈55,600 calls) indicates speculative or directional interest from traders; this can amplify moves but is not a fundamental change.
• Neutral Sentiment: Policy headlines on the potential to speed U.S. deep‑sea mining permits create a favorable regulatory backdrop but timing and rulemaking remain uncertain. Streamlined U.S. Deep-Sea Mining Permits

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.