Old West Investment Management LLC Purchases New Shares in TMC the metals company Inc. $TMC

Old West Investment Management LLC acquired a new stake in TMC the metals company Inc. (NASDAQ:TMC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,204,038 shares of the company's stock, valued at approximately $5,334,000. Old West Investment Management LLC owned approximately 0.28% of TMC the metals at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in shares of TMC the metals in the second quarter valued at about $28,000. Osterweis Capital Management Inc. acquired a new stake in TMC the metals in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in TMC the metals in the 4th quarter valued at about $29,000. Sunbelt Securities Inc. bought a new stake in TMC the metals in the 3rd quarter valued at about $34,000. Finally, Farther Finance Advisors LLC grew its position in shares of TMC the metals by 465.8% during 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.

Key TMC the metals News

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

• Positive Sentiment: TMC reaffirmed an ambitious target for a system capable of producing approximately 3 million wet tonnes annually, supporting the company’s long-term growth case if it can secure approvals and execute commercially. TMC targets 3M wet tonnes/year system as NOAA timing shifts to October 2026 certification
• Positive Sentiment: The company continues to position its polymetallic-nodule resource as a potentially significant source of nickel, copper, cobalt and manganese—metals used in energy, defense, manufacturing and infrastructure. That gives TMC considerable upside if its regulatory and commercial plans succeed. TMC Provides Second Quarter 2026 Corporate Update
• Neutral Sentiment: Regulatory progress remains the central catalyst. NOAA certification timing has shifted to October 2026, keeping the pathway alive but extending the wait before investors receive greater clarity on project approval and timing. TMC regulatory pathways update
• Negative Sentiment: TMC reported a second-quarter loss of $0.14 per share, missing the $0.06-per-share consensus loss estimate by $0.08. The earnings shortfall reinforces concerns about ongoing cash needs and the absence of current operating revenue. TMC second-quarter earnings results
• Negative Sentiment: A comparison with MP Materials concluded that TMC offers greater potential upside but substantially higher execution and regulatory risk, while MP has the advantage of an established commercial operating path. This framing may pressure TMC as investors favor nearer-term critical-minerals producers. MP Materials vs. The Metals Company

Analyst Ratings Changes

Several brokerages have recently commented on TMC. Wedbush raised their target price on shares of TMC the metals from $8.00 to $10.00 and gave the stock an "outperform" rating in a report on Monday, May 4th. Maxim Group initiated coverage on TMC the metals in a research note on Thursday, June 4th. They issued a "buy" rating and a $10.00 price target for the company. Wall Street Zen raised TMC the metals from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 16th. HC Wainwright restated a "buy" rating and set a $11.75 price objective on shares of TMC the metals in a research note on Tuesday, June 2nd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TMC the metals in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.58.

Insider Transactions at TMC the metals

In related news, Director Brendan May sold 20,768 shares of TMC the metals stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $6.42, for a total value of $133,330.56. Following the transaction, the director directly owned 193,346 shares of the company's stock, valued at $1,241,281.32. This trade represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 28.50% of the stock is owned by company insiders.

TMC the metals Price Performance

Shares of TMC the metals stock opened at $4.01 on Monday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -5.49 and a beta of 2.06. TMC the metals company Inc. has a 12-month low of $3.40 and a 12-month high of $11.35. The firm's 50-day moving average price is $4.31 and its two-hundred day moving average price is $5.20.

TMC the metals (NASDAQ:TMC - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). On average, sell-side analysts expect that TMC the metals company Inc. will post -0.31 earnings per share for the current year.

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.

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