Wedbush analyst Daniel Ives lowered the firm's price target on Metals Company to $8 from $11 to reflect a lower multiple, while keeping an Outperform rating on the shares. The firm notes the company reported its Q4 results on Friday where the company provided sizable updates across its business including its progress with NOAA to receive its commercial production application while in negotiations to develop a nodule processing and refining hub in Texas. Wedbush remains bullish as the company continues to chip away at its long-term strategy while looking to get its commercial permit during 2026.
