TMC the metals (NASDAQ:TMC) Trading Down 11.1% – Should You Sell?

Posted by Francis Steltz on Jun 5th, 2026

Shares of TMC the metals company Inc. (NASDAQ:TMC – Get Free Report) fell 11.1% during mid-day trading on Friday . The company traded as low as $5.32 and last traded at $5.3250. 2,695,103 shares were traded during mid-day trading, a decline of 61% from the average session volume of 6,991,343 shares. The stock had previously closed at $5.99.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TMC. HC Wainwright reiterated a “buy” rating and issued a $11.75 target price on shares of TMC the metals in a research note on Tuesday. Maxim Group started coverage on TMC the metals in a report on Thursday. 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 report on Saturday, May 16th. Wedbush increased their price target on TMC the metals from $8.00 to $10.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TMC the metals has a consensus rating of “Hold” and a consensus target price of $10.58.

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TMC the metals Price Performance

The stock has a market cap of $2.27 billion, a PE ratio of -6.62 and a beta of 1.99. The business has a fifty day moving average of $5.24 and a 200 day moving average of $6.14.

TMC the metals (NASDAQ:TMC – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. On average, equities research analysts expect that TMC the metals company Inc. will post -0.31 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TMC. NewEdge Advisors LLC bought a new position in TMC the metals during the 2nd quarter worth approximately $28,000. Osterweis Capital Management Inc. bought a new position in TMC the metals during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd bought a new position in TMC the metals during the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new position in TMC the metals during the 3rd quarter worth approximately $34,000. Finally, Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 4,681 shares during the last quarter. Institutional investors own 4.39% of the company’s stock.

About TMC the metals

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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.