TMC the metals (NASDAQ:TMC) Receives Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of TMC the metals (NASDAQ:TMC) in a research report report published on Thursday,Benzinga reports. They currently have a $11.00 price target on the stock.

Several other research firms also recently weighed in on TMC. Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research note on Wednesday, October 8th. HC Wainwright boosted their target price on TMC the metals from $7.25 to $7.50 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Zacks Research upgraded TMC the metals from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.25.

TMC the metals Price Performance

Shares of TMC opened at $8.32 on Thursday. TMC the metals has a 1 year low of $1.41 and a 1 year high of $11.35. The stock has a 50 day simple moving average of $6.83 and a two-hundred day simple moving average of $6.60. The firm has a market cap of $3.44 billion, a P/E ratio of -10.81 and a beta of 1.85.

TMC the metals (NASDAQ:TMC) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). On average, equities analysts anticipate that TMC the metals will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $6.77, for a total value of $338,500.00. Following the completion of the sale, the insider owned 2,025,667 shares in the company, valued at approximately $13,713,765.59. This trade represents a 2.41% decrease in their position. The transaction was disclosed in a 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 hedge funds and other institutional investors have recently made changes to their positions in TMC. NewEdge Advisors LLC bought a new stake in TMC the metals in the second quarter valued at $28,000. Wolverine Asset Management LLC boosted its stake 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 valued at $33,000 after purchasing an additional 4,365 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of TMC the metals during the 3rd quarter valued at about $34,000. KBC Group NV purchased a new position in shares of TMC the metals during the second quarter valued at about $37,000. Finally, Quantbot Technologies LP bought a new position in TMC the metals in the second quarter worth about $48,000. Institutional investors own 4.39% of the company’s stock.

TMC the metals News Roundup

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

• Positive Sentiment: TMC USA filed a consolidated application with NOAA for exploration and a commercial recovery permit, increasing its expected permit area to ~65,000 km2 — a material step toward commercial-scale access to polymetallic nodules that underpin TMC’s resource thesis. TMC USA Files First Consolidated Deep-Seabed Mining Application
• Positive Sentiment: NOAA finalized a rule that allows qualified applicants to submit consolidated exploration + commercial applications and to reuse exploration-phase environmental/geological data — a regulatory modernization TMC says will shorten permit timelines and reduce duplicative review. This reduces a major regulatory hurdle for U.S.-based permitting. TMC Welcomes NOAA Rule Modernizing Deep-Seabed-Mining Permits
• Positive Sentiment: Bloomberg Law reports TMC prevailed in a lawsuit challenging its debt accounting fix — removing a legal overhang that could have weighed on valuation and permitting momentum. Deep Sea Miner TMC Beats Investor Suit
• Positive Sentiment: Analysts at Wedbush reaffirmed an “outperform” rating with an $11 price target, signaling continued institutional bullishness and implying upside from current levels. Benzinga
• Positive Sentiment: Options flow shows heavy bullish activity — ~55,622 call contracts traded (≈+89% vs. typical volume), which can amplify near-term upside and reflects speculative/informed interest in a catalyst-driven move. (Market options data)
• Neutral Sentiment: Political/regulatory commentary indicates the U.S. administration is pushing to accelerate permitting for deep-sea mining — a potential long-term tailwind, but timing and implementation remain uncertain. Will Streamlined U.S. Deep-Sea Mining Permits Alter TMC’s Path?
• Negative Sentiment: Company fundamentals and execution risks remain: TMC reported recent quarterly EPS misses and analysts still forecast negative full-year EPS; insiders have sold shares in recent months — factors that could cap valuation if permitting or technical scale-up delays occur. QuiverQuant coverage (includes insider and institutional activity)

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.