TMC the metals (NASDAQ:TMC) Sets New 12-Month Low – Here’s Why

Posted by George Bondi on Oct 10th, 2026

TMC the metals company Inc. (NASDAQ:TMC – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $3.37 and last traded at $3.3650, with a volume of 1,485,273 shares. The stock had previously closed at $3.52.

Analysts Set New Price Targets

A number of research firms have weighed in on TMC. Zacks Research downgraded shares of TMC the metals from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of TMC the metals in a research report on Friday, July 17th. Finally, Stifel Nicolaus initiated coverage on shares of TMC the metals in a research note on Friday, August 28th. They issued a “buy” rating and a $10.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.44.

View Our Latest Report on TMC the metals

TMC the metals Stock Performance

The firm has a market capitalization of $1.48 billion, a P/E ratio of -4.60 and a beta of 1.91. The firm has a 50 day simple moving average of $4.14 and a two-hundred day simple moving average of $4.60.

TMC the metals (NASDAQ:TMC – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.08). Sell-side analysts anticipate that TMC the metals company Inc. will post -0.33 earnings per share for the current year.

Institutional Trading of TMC the metals

Institutional investors and hedge funds have recently modified their holdings of the business. Encompass Capital Advisors LLC purchased a new position in TMC the metals in the fourth quarter worth $18,510,000. BlackRock Inc. purchased a new stake in shares of TMC the metals during the 2nd quarter valued at $6,556,000. Old West Investment Management LLC bought a new stake in shares of TMC the metals during the 2nd quarter worth $5,334,000. State Street Corp raised its stake in shares of TMC the metals by 15.9% during the 2nd quarter. State Street Corp now owns 1,143,002 shares of the company’s stock worth $5,063,000 after purchasing an additional 156,852 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of TMC the metals during the 1st quarter worth $3,409,000. 4.39% of the stock is owned by hedge funds and other institutional investors.

TMC the metals Company Profile

(Get Free Report)

TMC the metals company is a mineral exploration and development company focused on collecting polymetallic nodules from the seafloor. These potato-sized rocks contain nickel, copper, cobalt and manganese, metals used in rechargeable batteries, electric vehicles and other energy-transition technologies.

The company’s activities center on nodule resources in the Clarion-Clipperton Zone of the Pacific Ocean, an area between Mexico and Hawaii. TMC is developing technologies and operating plans for seafloor nodule collection, transport and processing, with the goal of producing battery metals while limiting some of the land disturbance associated with conventional mining.