
TMC Stock Forecast & Price Target
TMC Analyst Ratings
Bulls say
TMC The Metals Co is a strong buy, primarily because of its dominant first-mover position in the nascent deep-seabed minerals industry, which is supported by growing US government interest and the company's accelerating permitting momentum with a clear line of sight to a permit grant in the next 12 months. These positive developments, along with TMC's solid financials featuring no debt and a recent cash balance of $119.7M, make it a compelling long-term investment opportunity with a current price target of $11.75 per share.
Bears say
TMC The Metals Co is a deep seabed minerals developer with a recently certified USA B exploration license application covering 122,000 square kilometers in the Clarion Clipperton Zone (CCZ) and an estimated 1.02B tonnes of polymetallic nodules according to the company's Technical Report Summary. However, recent confirmation of NOAA's approval of the company's USA A area (about 65,000 square kilometers) highlights the government's support, and despite potential vast resources, the negative outlook remains due to the speculative and untested nature of this industry and company.
This aggregate rating is based on analysts' research of The Metals Co and is not a guaranteed prediction by Public.com or investment advice.
TMC Analyst Forecast & Price Prediction
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