The Metals Company (TMC) saw an 8.61% increase in stock price, crossing above its 5-day SMA, despite the broader market decline with the Nasdaq-100 down 1.41% and S&P 500 down 0.76%.
The increase in TMC's stock price follows the company's announcement of its application for a commercial recovery permit under U.S. law, which could significantly enhance its commercial ambitions in polymetallic nodule mining. This application marks a potential pathway for the company to unlock billions in value, despite the market remaining cautious about the likelihood of achieving commercial production given the project's estimated value of $23.6 billion against capital expenditures of $113 million.
The implications of this permit application are substantial, as successful deep-sea mining could lead to long-term supply contracts with industrial and defense clients, significantly enhancing TMC's market position and potentially leading to a substantial increase in stock value.
Wall Street analysts forecast TMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMC is 8.33 USD with a low forecast of 6.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
Wall Street analysts forecast TMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TMC is 8.33 USD with a low forecast of 6.50 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.510
Low
6.50
Averages
8.33
High
11.00
Current: 7.510
Low
6.50
Averages
8.33
High
11.00
Alliance Global
Buy
maintain
2026-01-23
Reason
Alliance Global
Price Target
AI Analysis
2026-01-23
maintain
Buy
Reason
Alliance Global raised the firm's price target on Metals Company to $12.25 from $6.50 and keeps a Buy rating on the shares. The company recently announced a "major permitting milestone" relating to its deep-sea mining ambitions, the analyst tells investors in a research note. The firm views regulation changes as a tailwind for Metals Company. It believes the company maintains its first-mover advantage in the deep-sea mining industry.
H.C. Wainwright
H.C. Wainwright
Buy
maintain
2026-01-23
Reason
H.C. Wainwright
H.C. Wainwright
Price Target
2026-01-23
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on Metals Company to $11.75 from $7.50 and keeps a Buy rating on the shares after the company submitted an application to the National Oceanic and Atmospheric Administration for an exploration license and a commercial recovery permit for polymetallic nodules in the Clarion Clipperton Zone. The firm believes the application is a "critical step toward further de-risking" of Metals Company's future operations.
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H.C. Wainwright
Heiko Ihle
Buy
maintain
2025-11-14
Reason
H.C. Wainwright
Heiko Ihle
Price Target
2025-11-14
maintain
Buy
Reason
H.C. Wainwright analyst Heiko Ihle raised the firm's price target on Metals Company to $7.50 from $7.25 and keeps a Buy rating on the shares following the Q3 report.
H.C. Wainwright
Buy
maintain
2025-08-06
Reason
H.C. Wainwright
Price Target
2025-08-06
maintain
Buy
Reason
H.C. Wainwright raised the firm's price target on Metals Company to $7.25 from $5.50 and keeps a Buy rating on the shares following the company's NORI-D project pre-feasibility study.
About TMC
TMC the metals company Inc. is a deep-sea minerals exploration company. The Company is focused on the collection and processing of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone in the Pacific Ocean (CCZ), located approximately 1,300 nautical miles southwest of San Diego, California. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 4,500 miles that spans approximately 1,737,000 square miles. These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as feedstock for battery cathode precursors (nickel, cobalt and manganese sulfates, or intermediate nickel-copper-cobalt matte) for electric vehicles (EV) and energy storage markets; copper cathode for EV wiring, energy transmission and other applications, and manganese silicate for manganese alloy production required for steel production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
