TMC the metals Sees Unusually High Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) saw some unusual options trading activity on Thursday. Traders bought 55,622 call options on the company. This is an increase of 89% compared to the average daily volume of 29,390 call options.

TMC the metals Trading Up 13.5%

Shares of NASDAQ:TMC opened at $9.44 on Friday. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -12.26 and a beta of 1.85. TMC the metals has a 1 year low of $1.42 and a 1 year high of $11.35. The business has a fifty day simple moving average of $6.92 and a 200 day simple moving average of $6.62.

TMC the metals (NASDAQ:TMC) last issued its earnings results on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). On average, sell-side analysts forecast that TMC the metals will post -0.22 EPS for the current year.

More TMC the metals News

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

• Positive Sentiment: TMC’s U.S. subsidiary submitted a consolidated NOAA application expanding its expected commercial recovery permit area to ~65,000 km² in the Clarion‑Clipperton Zone — a material step toward securing permits needed for large‑scale nodule recovery. TMC USA Files First Consolidated Deep-Seabed Mining Application
• Positive Sentiment: HC Wainwright raised its price target to $11.75 and moved to a “buy” rating, signaling institutional optimism and providing fresh analyst support for upside. HC Wainwright Price Target Raise
• Positive Sentiment: Wedbush reaffirmed an “outperform” rating with an $11 target, adding to the analyst momentum behind the stock. Wedbush Rating
• Positive Sentiment: A Seeking Alpha analysis highlights a large resource base and economic studies valuing TMC projects at an after‑tax NPV (~$23.6B) well above current market cap, underpinning bullish investor narratives about long‑term value. TMC: Ride Path To Deep-Sea Mining Success
• Positive Sentiment: Bloomberg Law reports TMC prevailed in a suit over its debt accounting fix — a legal win that reduces near‑term corporate governance/legal overhang. TMC Beats Investor Suit
• Neutral Sentiment: Unusually large options activity (≈55,600 calls) indicates speculative or directional interest from traders; this can amplify moves but is not a fundamental change.
• Neutral Sentiment: Policy headlines on the potential to speed U.S. deep‑sea mining permits create a favorable regulatory backdrop but timing and rulemaking remain uncertain. Streamlined U.S. Deep-Sea Mining Permits

Insider Activity at TMC the metals

In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $6.77, for a total value of $338,500.00. Following the completion of the transaction, the insider directly owned 2,025,667 shares in the company, valued at $13,713,765.59. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 27.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TMC the metals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TMC. Goldman Sachs Group Inc. acquired a new stake in TMC the metals in the 1st quarter worth approximately $211,000. Swiss National Bank acquired a new position in TMC the metals during the second quarter valued at approximately $2,940,000. Mirador Capital Partners LP raised its position in shares of TMC the metals by 306.1% in the third quarter. Mirador Capital Partners LP now owns 449,990 shares of the company’s stock valued at $2,866,000 after purchasing an additional 339,174 shares during the period. Mission Wealth Management LP acquired a new stake in shares of TMC the metals in the second quarter worth $1,980,000. Finally, XTX Topco Ltd lifted its stake in shares of TMC the metals by 80.5% in the second quarter. XTX Topco Ltd now owns 306,920 shares of the company’s stock worth $2,026,000 after buying an additional 136,916 shares during the last quarter. Institutional investors own 4.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMC. Zacks Research upgraded shares of 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 report on Wednesday. Wedbush reissued an “outperform” rating and set a $11.00 price target on shares of TMC the metals in a research report on Thursday. Finally, HC Wainwright increased their price objective on TMC the metals from $7.50 to $11.75 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.38.

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.