TMC The Metals CompanyTMC
About: TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Geographically, the company has its presence in Nauru, Singapore, Tonga and North America. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,700,000 square miles).
Employees: 46
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding
Funds holding: 88 [Q2] → 88 (+0) [Q3]
0.18% less ownership
Funds ownership: 5.52% [Q2] → 5.34% (-0.18%) [Q3]
7% less call options, than puts
Call options by funds: $3.96M | Put options by funds: $4.24M
23% less capital invested
Capital invested by funds: $23.9M [Q2] → $18.3M (-$5.59M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Alliance Global Partners Jake Sekelsky 33% 1-year accuracy 2 / 6 met price target | 136%upside $3.75 | Buy Initiated | 15 Jan 2025 |
Financial journalist opinion
Based on 71 articles about TMC published over the past 30 days