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NASDAQ:TMC

TMC the metals (TMC) Stock Price, News & Analysis

$1.45
+0.02 (+1.40%)
(As of 04:00 PM ET)
Today's Range
$1.43
$1.49
50-Day Range
$1.33
$1.57
52-Week Range
$0.80
$2.08
Volume
1.84 million shs
Average Volume
1.58 million shs
Market Capitalization
$464.74 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.10

TMC the metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
182.8% Upside
$4.10 Price Target
Short Interest
Bearish
8.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$219,000 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.20) to ($0.09) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.75 out of 5 stars

Basic Materials Sector

131st out of 168 stocks

Metal Mining Industry

12th out of 22 stocks

TMC stock logo

About TMC the metals Stock (NASDAQ:TMC)

TMC the metals company Inc. is a pioneering Canadian deep-sea minerals exploration company with a strong focus on collecting, processing and refining polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ). Situated in the Pacific Ocean, southwest of San Diego, California, the CCZ is rich in valuable minerals like nickel, cobalt, copper, and manganese. TMC's primary objective is to extract and supply these critical metals to meet the increasing demand from industries such as electric vehicles, renewable energy storage, clean energy transmission, and steel production.

At the core of TMC's operations is its mission to explore and harness the potential of deep-sea mining while upholding sustainable and responsible practices. The company is dedicated to utilizing advanced technologies and implementing environmentally sound processes to minimize the impact on marine ecosystems. By ensuring a long-term, stable supply of critical metals, TMC aims to contribute significantly to the global transition toward a cleaner and more sustainable future.

TMC the metals company Inc. operates within a niche sector with immense potential to meet the world's growing demand for critical metals. By focusing on extracting polymetallic nodules, TMC differentiates itself from traditional mining practices, which often face challenges related to land-based operations. Deep-sea mining offers a unique opportunity to tap into untouched resources on the seafloor, with polymetallic nodules serving as a valuable source of various essential minerals.

The company's target market encompasses industries that heavily rely on critical metals for their operations. Electric vehicle manufacturers, for instance, require significant amounts of nickel, cobalt, and copper to produce batteries. As the shift towards electric mobility gains momentum, the demand for these metals continues to rise. TMC positions itself to meet this demand sustainably, ensuring a stable supply chain for the EV industry.

In addition to the electric vehicle sector, TMC's target market includes renewable energy storage markets. The company recognizes energy storage's vital role in harnessing and maximizing the potential of renewable energy sources. TMC supports the transition to a greener and more sustainable energy landscape by providing the necessary metals for energy storage technologies.

TMC the metals company Inc. boasts a diverse customer base that spans multiple industries. Key customers include leading electric vehicle manufacturers, renewable energy companies, clean energy transmission infrastructure developers, and steel producers committed to sustainable practices. These customers prioritize responsibly sourced materials to align with their environmental and social responsibility goals, making TMC's commitment to sustainability a significant factor in their partnerships.

The management team at TMC the metals company Inc. comprises seasoned professionals with a wealth of expertise in their respective fields. Gerard Barron, the Chief Executive Officer and Chairman, brings extensive finance and deep-sea mining knowledge to the company. His strategic leadership and vision guide TMC's operations and ensure its long-term success. Craig Shesky, the Chief Financial Officer, plays a vital role in overseeing the company's financial activities. With his financial management and planning expertise, Shesky ensures TMC's financial stability and growth. His contributions are instrumental in securing the necessary resources for TMC's ambitious goals.

TMC the metals company Inc. has steadily demonstrated promising potential in the deep-sea mining sector. The company's focus on securing exploration and commercial rights in the CCZ reflects its commitment to long-term growth and value creation. As TMC advances its mining operations and establishes strategic partnerships, financial metrics are expected to be more robust and reflect the company's progress.

Given the niche nature of the deep-sea mining industry, TMC's valuation metrics are influenced by various factors, including investor sentiment, market dynamics, technological advancements, and regulatory developments. As the global demand for critical metals continues to rise, the market recognizes the significance of companies like TMC that offer sustainable and responsible solutions to meet this demand. Recent shifts in investor sentiment towards sustainable practices and the increasing emphasis on environmental stewardship may contribute positively to TMC's valuation.

When assessing TMC's market performance, it is crucial to consider recent news or events that may have impacted the company's share price. Key announcements related to exploration progress, partnerships, technological advancements, and regulatory developments can significantly influence market perception and stock performance.

The deep-sea mining industry presents unique opportunities and challenges. Understanding the broader industry landscape is essential as TMC the metals company Inc. operates within this sector. The industry's potential lies in its ability to tap into unexplored resources and provide a sustainable source of critical metals. TMC's focus on polymetallic nodules offers advantages over traditional mining practices by minimizing land-based disturbances and reducing the environmental footprint.

TMC's competitive positioning in the industry stems from its commitment to sustainable practices, advanced technologies, and responsible resource extraction. By adhering to strict environmental standards, the company ensures minimal impact on marine ecosystems and demonstrates its dedication to preserving the delicate balance of the ocean environment.

As TMC continues to grow, numerous growth opportunities lie ahead. The increasing demand for critical metals, driven by the growth of electric vehicles, renewable energy, and clean energy transmission, presents a favorable market landscape for the company. By expanding its mining operations, establishing strategic partnerships, and investing in research and development, TMC can capitalize on these opportunities and solidify its position as a leader in the deep-sea mining industry.

Steel production represents another significant market for TMC. Manganese, one of the key minerals found in polymetallic nodules, is a crucial component in producing high-quality steel. The demand for responsibly sourced manganese continues to grow as the steel industry seeks to enhance its sustainability and reduce its carbon footprint. TMC's focus on sustainable deep-sea mining positions them as a reliable supplier for this industry.

However, TMC the metals company Inc. faces several risks and challenges that need careful consideration. Deep-sea mining operations require significant investments in advanced technologies, research, and development. Technical complexities, environmental regulations, and potential opposition from environmental groups pose challenges to the company's operations. Mitigating these risks through robust risk management strategies, stakeholder engagement, and ongoing environmental monitoring is crucial to maintaining TMC's sustainability goals and social license to operate.

TMC Stock Price History

TMC Stock News Headlines

TMC the metals (NASDAQ:TMC) Trading 5.3% Higher
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This student turned $1,300 into $45,000 in just 4 Months!
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Q1 2024 TMC the metals company Inc Earnings Call
This student turned $1,300 into $45,000 in just 4 Months!
With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... In fact, it just detected a move happening this MONDAY.
TMC Announces First Quarter 2024 Results
7 Penny Stocks to Buy Now: Q2 Edition
See More Headlines
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Company Calendar

Last Earnings
5/13/2024
Today
7/15/2024
Next Earnings (Estimated)
8/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Current Symbol
NASDAQ:TMC
Fax
N/A
Employees
46
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.10
High Stock Price Target
$4.20
Low Stock Price Target
$4.00
Potential Upside/Downside
+182.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-73,780,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$0.04 per share

Miscellaneous

Free Float
224,357,000
Market Cap
$465.19 million
Optionable
Optionable
Beta
1.69
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Key Executives

  • Mr. Gerard  BarronMr. Gerard Barron (Age 57)
    CEO & Chairman of the Board
    Comp: $1.22M
  • Mr. Craig Shesky (Age 39)
    Chief Financial Officer
    Comp: $763.12k
  • Ms. Erika Ilves (Age 46)
    Chief Strategy Officer
    Comp: $867.67k
  • Mr. Arthur Chen C.A. (Age 47)
    Chief Accounting Officer
  • Mr. Andy Jones
    Chief Technology Officer
  • Mr. Dan Porras
    Head Of Communications & Brand
  • Mr. Anthony O'Sullivan B.Sc. (Age 57)
    M.Sc., Chief Development Officer
    Comp: $661.38k
  • Dr. Gregory S. Stone Ph.D. (Age 67)
    Chief Ocean Scientist
  • Ms. Erica Ocampo
    Chief Sustainability Officer
  • Mr. Jon Machin
    Head Of Offshore Development

TMC Stock Analysis - Frequently Asked Questions

How have TMC shares performed this year?

TMC the metals' stock was trading at $1.10 at the beginning of 2024. Since then, TMC stock has increased by 31.8% and is now trading at $1.45.
View the best growth stocks for 2024 here
.

How were TMC the metals' earnings last quarter?

TMC the metals company Inc. (NASDAQ:TMC) posted its quarterly earnings data on Monday, May, 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.03.

Who are TMC the metals' major shareholders?

Top institutional investors of TMC the metals include New Hampshire Trust (0.13%). Insiders that own company stock include Andrei Karkar, Gerard Barron, Craig Shesky, Anthony O'sullivan, Gregory Stone and Andrew Hall.
View institutional ownership trends
.

How do I buy shares of TMC the metals?

Shares of TMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TMC) was last updated on 7/15/2024 by MarketBeat.com Staff

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