TMC the metals (NASDAQ:TMC) Given New $11.75 Price Target at HC Wainwright

TMC the metals (NASDAQ:TMC) had its target price increased by research analysts at HC Wainwright from $7.50 to $11.75 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 26.60% from the stock’s previous close.

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

TMC the metals Stock Up 11.6%

Shares of TMC the metals stock traded up $0.96 on Friday, hitting $9.28. 14,796,948 shares of the company’s stock traded hands, compared to its average volume of 10,664,543. 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 $3.84 billion, a P/E ratio of -12.08 and a beta of 1.85. The firm’s 50-day moving average is $6.83 and its 200 day moving average is $6.60.

TMC the metals (NASDAQ:TMC) last released its earnings results on Thursday, November 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Equities research analysts forecast that TMC the metals will post -0.22 EPS for the current year.

Insider Activity 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 that occurred 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TMC the metals

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in shares of TMC the metals during the 2nd quarter worth about $28,000. Wolverine Asset Management LLC grew 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 worth $33,000 after buying an additional 4,365 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of TMC the metals in the 3rd quarter worth approximately $34,000. KBC Group NV bought a new stake in TMC the metals during the 2nd quarter worth approximately $37,000. Finally, Quantbot Technologies LP acquired a new stake in TMC the metals during the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

Key Stories Impacting TMC the metals

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

About TMC the metals

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.