7 stories mentioning TMCUpdated 20d ago
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TMC the metals company (TMC) has an average rating of Buy and mean price target of $10.60, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
TMC the Metals Co. (TMC) said Thursday that the National Oceanic and Atmospheric Administration has certified the USA B seafloor exploration license application of its subsidiary The Metals Co. USA.The application area covers roughly 122,000 square kilometers of seafloor that is estimated to hold 1.02 billion tonnes of polymetallic nodules, which contain critical metals ranging from nickel to rare earth elements, the company said.The company said it is also advancing its USA A consolidated application, which is already deemed to be fully compliant.NOAA is expected to publish a notice of intent to prepare an environmental impact statement for the USA B area, followed by draft environmental reviews and proposed operating terms for public comment. After the comment period, NOAA will finalize the environmental impact statement and make a final license determination, the company said.TMC shares were more than 4% higher in Thursday trading.Price: $5.94, Change: $+0.23, Percent Change: +4.05%
TMC The Metals Company's (TMC) Q1 report showed that it still has a long runway, supported by solid liquidity, as it continued to advance the permitting process toward execution, with its first commercial recovery system now formally outlined, Wedbush Securities said in a note Monday.The most important development in Q1 was TMC's agreement with Allseas for the commercial nodule collection system, which is expected to have a nameplate capacity of 3 million wet tons per year, with commissioning expected in Q4 2027, according to the note.Another milestone achieved in Q1 was that TMC US unit's consolidated application for a seabed exploration license and commercial recovery permit was found to be compliant with the law, and the National Oceanic and Atmospheric Administration is expected to make a final determination on issuing the license and permit before the end of Q1 2027, Wedbush said.The company has also continued to build optionality around its future and financing structure, the brokerage said.Wedbush kept an outperform rating on The Metals Company with a price target of $10.Shares of TMC were down 3.6% in Monday trading.Price: $5.23, Change: $-0.20, Percent Change: -3.60%
TMC the metals company (TMC) said Monday it has struck a deal with Allseas to develop and operate a nodule collection system in preparation for the nodule recovery operations in the Clarion Clipperton Zone of the Pacific Ocean.The commercial system will have a production capacity of 3.0 million wet tonnes per year with the surface vessel Hidden Gem receiving nodules collected by two collector vehicles, it said.Allseas will fund a "significant" portion of the development costs, recoverable through production revenue, TMC said. It expects system commissioning to begin in Q4 of 2027.TMC shares were up over 2% in morning trading.Price: $5.87, Change: $+0.17, Percent Change: +2.89%
TMC the metals company (TMC) remains "underappreciated" even as the first mover in deep-seabed polymetallic nodule collection, Wedbush said in a Friday note.The National Oceanic and Atmospheric Administration recently deemed the company's US unit's application for a seabed exploration license and commercial recovery permit fully compliant with federal law. The decision moves the application into the certification phase, after which it will be published for review, and a draft Environmental Impact Statement will follow for public comment before regulators make a final decision, according to the note.With TMC anticipating to complete the regulatory process by Q1 of 2027, Wedbush analysts said it remains on track to start initial commercial production of critical minerals in the Clarion Clipperton Zone.TMC continues to derisk its path to commercial production, the analysts said, noting the company's potential nodule processing hub in Brownsville, Texas, and expanding US government support.Wedbush maintained the company's outperform rating and raised its price target to $10 from $8.Price: $5.42, Change: $+0.18, Percent Change: +3.34%
Metals (TMC) has an average rating of buy and mean price target of $11.20, according to analysts polled by FactSet.Price: $5.35, Change: $+0.11, Percent Change: +2.10%
The Metals Company's (TMC) first-mover position in deep-sea polymetallic nodule collection is underappreciated at current levels, Wedbush said in a Monday research report.There is a clear and accelerating path to commercial production in the Clarion Clipperton Zone with significant US government support, according to the note.The company's permitting application to the National Oceanic and Atmospheric Administration was deemed substantially compliant in March and is on track for a permit grant within the next 12 months, analysts wrote.The company won exclusive rights to a lease in Brownsville, Texas, for a nodule processing hub, which Wedbush said is a "critical prerequisite" to unlocking a US government partnership and could drive a re-rating of the stock.The company is expected to have sufficient liquidity for at least the next 12 months, according to Wedbush.The brokerage said it maintained its outperform rating on the stock and its $8 price target.Price: $5.46, Change: $+0.14, Percent Change: +2.63%
