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

Posted by Geri Gentry on Aug 17th, 2026

Old West Investment Management LLC acquired a new stake in TMC the metals company Inc. (NASDAQ:TMC – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,204,038 shares of the company’s stock, valued at approximately $5,334,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Encompass Capital Advisors LLC bought a new position in shares of TMC the metals in the fourth quarter worth about $18,510,000. State Street Corp grew its holdings in shares of TMC the metals by 2.4% during the 4th quarter. State Street Corp now owns 986,160 shares of the company’s stock valued at $6,085,000 after purchasing an additional 23,095 shares during the last quarter. Verition Fund Management LLC increased its position in TMC the metals by 120.1% during the 4th quarter. Verition Fund Management LLC now owns 817,364 shares of the company’s stock worth $5,043,000 after purchasing an additional 445,985 shares in the last quarter. Renaissance Technologies LLC acquired a new position in TMC the metals during the 1st quarter worth approximately $3,409,000. Finally, Tudor Investment Corp ET AL lifted its stake in TMC the metals by 57.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 698,185 shares of the company’s stock valued at $4,308,000 after purchasing an additional 255,766 shares during 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

TMC the metals Stock Performance

TMC stock opened at $4.01 on Monday. The company has a market capitalization of $1.74 billion, a P/E ratio of -5.49 and a beta of 2.06. The company has a fifty day moving average price of $4.31 and a 200-day moving average price of $5.20. TMC the metals company Inc. has a 52-week low of $3.40 and a 52-week high of $11.35.

TMC the metals (NASDAQ:TMC – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). As a group, sell-side analysts forecast that TMC the metals company Inc. will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TMC has been the topic of a number of research analyst reports. HC Wainwright restated a “buy” rating and issued a $11.75 target price on shares of TMC the metals in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of TMC the metals from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Maxim Group started coverage on TMC the metals in a report on Thursday, June 4th. They set a “buy” rating and a $10.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Friday, July 17th. Finally, Wedbush boosted their price objective on TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Three 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. Based on data from MarketBeat.com, TMC the metals has a consensus rating of “Hold” and a consensus price target of $10.58.

Check Out Our Latest Analysis on TMC

Insider Activity at TMC the metals

In other news, Director Brendan May sold 20,768 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $6.42, for a total value of $133,330.56. Following the completion of the sale, the director owned 193,346 shares of the company’s stock, valued at approximately $1,241,281.32. This represents a 9.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 28.50% of the company’s stock.

About TMC the metals

(Free Report)

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.