Symbols / TMC
TMC Chart
About
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 two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV) and energy storage markets; manganese alloy production required for steel production; and EV wiring, energy transmission, and other applications. The company was founded in 2011 and is based in Vancouver, Canada.
Fundamentals
Scroll to Statements| Sector | Basic Materials | Industry | Other Industrial Metals | Market Cap | 3.35B |
| Enterprise Value | 2.61B | Income | -295.51M | Sales | — |
| Book/sh | -0.10 | Cash/sh | 0.28 | Dividend Yield | — |
| Payout | 0.00% | Employees | 47 | IPO | — |
| P/E | — | Forward P/E | -27.87 | PEG | — |
| P/S | — | P/B | -63.33 | P/C | — |
| EV/EBITDA | -23.45 | EV/Sales | — | Quick Ratio | 2.50 |
| Current Ratio | 2.50 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -0.79 | EPS next Y | -0.23 | EPS Growth | — |
| Revenue Growth | — | Earnings | 2026-03-26 | ROA | -58.93% |
| ROE | — | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 0.00% | Profit Margin | 0.00% | Shs Outstand | 413.49M |
| Shs Float | 220.36M | Short Float | 11.11% | Short Ratio | 2.42 |
| Short Interest | — | 52W High | 11.35 | 52W Low | 1.57 |
| Beta | 1.87 | Avg Volume | 9.26M | Volume | 4.85M |
| Target Price | $11.20 | Recom | Strong_buy | Prev Close | $6.60 |
| Price | $6.27 | Change | -5.00% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$11.20
Mean price target
2. Current target
$6.27
Latest analyst target
3. DCF / Fair value
$-0.09
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.27
Low
$9.00
High
$12.25
Mean
$11.20
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-01-23 | main | HC Wainwright & Co. | Buy → Buy | $12 |
| 2026-01-22 | reit | Wedbush | Outperform → Outperform | $11 |
| 2025-11-14 | main | HC Wainwright & Co. | Buy → Buy | $8 |
| 2025-08-18 | reit | HC Wainwright & Co. | Buy → Buy | $7 |
| 2025-08-06 | main | HC Wainwright & Co. | Buy → Buy | $7 |
| 2025-06-25 | up | Wedbush | Neutral → Outperform | $11 |
| 2025-05-20 | init | HC Wainwright & Co. | — → Buy | $6 |
| 2025-05-16 | reit | Wedbush | Neutral → Neutral | $6 |
| 2025-03-28 | reit | Wedbush | Neutral → Neutral | $4 |
| 2025-01-15 | init | Alliance Global Partners | — → Buy | $4 |
| 2024-05-16 | reit | Wedbush | Neutral → Neutral | $4 |
| 2023-08-15 | reit | Wedbush | Neutral → Neutral | $4 |
| 2023-07-10 | init | ThinkEquity | — → Buy | $6 |
| 2023-05-12 | reit | Wedbush | Neutral → Neutral | $3 |
| 2021-11-24 | init | Wedbush | — → Neutral | $5 |
| 2021-11-11 | init | Benchmark | — → Hold | — |
News
RSS: Latest TMC news- Assessing The Metals Company (TMC) Valuation As Regulatory Support Eases Deep Sea Mining Uncertainty - simplywall.st Fri, 27 Feb 2026 05
- TMC the metals (TMC) Is Up 8.3% After Fresh Government Backing Eases Deep-Sea Mining Uncertainty - Yahoo Finance Wed, 25 Feb 2026 23
- 1 Stock I'd Buy Before TMC The Metals Company - The Motley Fool Sat, 17 Jan 2026 08
- TMC the metals company Inc. (TMC): A Bull Case Theory - Yahoo Finance ue, 03 Feb 2026 08
- $TMC stock is down 4% today. Here's what we see in our data. - Quiver Quantitative ue, 17 Feb 2026 08
- The Story Behind TMC Stock’s Roller Coaster Ride - Trefis Wed, 19 Nov 2025 08
- TMC The Metals Shares Cross Below 200 DMA - Nasdaq hu, 05 Feb 2026 08
- TMC the metals (TMC) Is Up 9.1% After Regulatory Tailwinds Clarify Deep-Sea Mining Pathway - simplywall.st Wed, 25 Feb 2026 05
- Why TMC The Metals Company Stock Dropped 17.7% Today - The Motley Fool Mon, 26 Jan 2026 08
- Why TMC The Metals Company Stock Dropped 17.7% Today - Yahoo Finance Mon, 26 Jan 2026 08
- This $7 Stock Could Be Your Ticket to Millionaire Status - The Motley Fool hu, 12 Feb 2026 08
- Should You Buy The Metals Company While It's Under $10? - Yahoo Finance Sat, 24 Jan 2026 08
- Why TMC the metals company Stock Just Popped - The Motley Fool hu, 22 Jan 2026 08
- Is TMC The Metals Company Stock Your Ticket to Becoming a Millionaire? - The Motley Fool hu, 15 Jan 2026 08
- Everyone’s Ignoring These Stocks, but I See Tremendous Upside in 2026 - Yahoo! Finance Canada hu, 26 Feb 2026 21
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 63204 | 41083.0 | — | Conversion of Exercise of derivative security at price 0.65 per share. | SHESKY CRAIG | Chief Financial Officer | — | 2026-02-10 00:00:00 | D |
| 1 | 31602 | 20541.0 | — | Conversion of Exercise of derivative security at price 0.65 per share. | KARKAR ANDREI | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2026-02-06 00:00:00 | D |
| 2 | 43180 | 26562.0 | — | Conversion of Exercise of derivative security at price 0.52 - 0.65 per share. | MADSBJERG CHRISTIAN | Director | — | 2026-02-06 00:00:00 | D |
| 3 | 63682 | 33115.0 | — | Conversion of Exercise of derivative security at price 0.52 per share. | KARKAR ANDREI | Director and Beneficial Owner of more than 10% of a Class of Security | — | 2026-02-03 00:00:00 | D |
| 4 | 622111 | 1531782.0 | — | Conversion of Exercise of derivative security at price 0.52 - 2.60 per share. | GREIG ANDREW CARLYLE | Director | — | 2026-01-08 00:00:00 | D |
| 5 | 100000 | 664000.0 | — | Sale at price 6.51 - 6.77 per share. | O'SULLIVAN ANTHONY | Officer | — | 2025-12-02 00:00:00 | D |
| 6 | 1614892 | 1049680.0 | — | Conversion of Exercise of derivative security at price 0.65 per share. | ILVES ERIKA | Officer | — | 2025-09-24 00:00:00 | D |
| 7 | 2000000 | — | — | Stock Award(Grant) at price 0.00 per share. | ILVES ERIKA | Officer | — | 2025-09-23 00:00:00 | D |
| 8 | 1000000 | — | — | Stock Award(Grant) at price 0.00 per share. | O'SULLIVAN ANTHONY | Officer | — | 2025-09-23 00:00:00 | D |
| 9 | 1591485 | 9182868.0 | — | Sale at price 5.77 per share. | ILVES ERIKA | Officer | — | 2025-09-22 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 306.60K | -518.40K | 555.39K | 0.00 |
| TaxRateForCalcs | 0.15 | 0.40 | 0.26 | 0.00 |
| NormalizedEBITDA | -80.97M | -71.30M | -172.59M | -158.43M |
| TotalUnusualItems | 2.04M | -1.30M | 2.12M | 9.29M |
| TotalUnusualItemsExcludingGoodwill | 2.04M | -1.30M | 2.12M | 9.29M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -81.94M | -73.78M | -170.96M | -141.30M |
| ReconciledDepreciation | 362.00K | 360.00K | 418.00K | 453.00K |
| EBITDA | -78.93M | -72.60M | -170.47M | -149.14M |
| EBIT | -79.29M | -72.96M | -170.89M | -149.59M |
| NetInterestIncome | -2.43M | 516.00K | 1.11M | -1.00M |
| InterestExpense | 2.60M | 781.00K | 0.00 | |
| InterestIncome | 176.00K | 1.30M | 1.11M | |
| NormalizedIncome | -83.68M | -73.00M | -172.53M | -150.59M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -81.94M | -73.78M | -170.96M | -141.30M |
| TotalExpenses | 81.29M | 72.39M | 174.12M | 149.59M |
| TotalOperatingIncomeAsReported | -81.29M | -72.39M | -174.12M | -149.59M |
| DilutedAverageShares | 321.88M | 288.64M | 239.87M | 204.93M |
| BasicAverageShares | 321.88M | 288.64M | 239.87M | 204.93M |
| DilutedEPS | -0.25 | -0.26 | -0.71 | -0.69 |
| BasicEPS | -0.25 | -0.26 | -0.71 | -0.69 |
| DilutedNIAvailtoComStockholders | -81.94M | -73.78M | -170.96M | -141.30M |
| NetIncomeCommonStockholders | -81.94M | -73.78M | -170.96M | -141.30M |
| NetIncome | -81.94M | -73.78M | -170.96M | -141.30M |
| NetIncomeIncludingNoncontrollingInterests | -81.94M | -73.78M | -170.96M | -141.30M |
| NetIncomeContinuousOperations | -81.94M | -73.78M | -170.96M | -141.30M |
| TaxProvision | 48.00K | 41.00K | 77.00K | 0.00 |
| PretaxIncome | -81.89M | -73.74M | -170.89M | -141.30M |
| OtherIncomeExpense | 1.82M | -1.87M | 2.12M | 9.29M |
| SpecialIncomeCharges | -199.00K | 0.00 | ||
| OtherSpecialCharges | 199.00K | |||
| EarningsFromEquityInterest | -226.00K | -571.00K | 0.00 | |
| GainOnSaleOfSecurity | 2.24M | -1.30M | 2.12M | 9.29M |
| NetNonOperatingInterestIncomeExpense | -2.43M | 516.00K | 1.11M | -1.00M |
| TotalOtherFinanceCost | -1.11M | 1.00M | ||
| InterestExpenseNonOperating | 2.60M | 781.00K | 0.00 | |
| InterestIncomeNonOperating | 176.00K | 1.30M | 1.11M | |
| OperatingIncome | -81.29M | -72.39M | -174.12M | -149.59M |
| OperatingExpense | 81.29M | 72.39M | 174.12M | 149.59M |
| OtherOperatingExpenses | 50.64M | 49.85M | 144.60M | 93.01M |
| SellingGeneralAndAdministration | 30.64M | 22.54M | 29.52M | 56.58M |
| GeneralAndAdministrativeExpense | 30.64M | 22.54M | 29.52M | 56.58M |
| OtherGandA | 14.22M | 12.65M | 14.21M | 19.40M |
| SalariesAndWages | 16.42M | 9.89M | 15.30M | 37.19M |
| TotalRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| OperatingRevenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 340.71M | 306.56M | 266.81M | 225.43M |
| ShareIssued | 340.71M | 306.56M | 266.81M | 225.43M |
| NetDebt | 8.29M | |||
| TotalDebt | 11.78M | |||
| TangibleBookValue | -19.05M | 9.28M | 41.51M | 92.75M |
| InvestedCapital | -5.34M | 10.92M | 41.51M | 92.75M |
| WorkingCapital | -49.20M | -22.51M | 7.99M | 61.99M |
| NetTangibleAssets | -19.05M | 9.28M | 41.51M | 92.75M |
| CommonStockEquity | -17.12M | 10.92M | 41.51M | 92.75M |
| TotalCapitalization | -17.12M | 10.92M | 41.51M | 92.75M |
| TotalEquityGrossMinorityInterest | -17.12M | 10.92M | 41.51M | 92.75M |
| StockholdersEquity | -17.12M | 10.92M | 41.51M | 92.75M |
| GainsLossesNotAffectingRetainedEarnings | -1.20M | -1.22M | -1.22M | -1.22M |
| OtherEquityAdjustments | -1.20M | -1.22M | -1.22M | -1.22M |
| RetainedEarnings | -631.43M | -548.90M | -475.12M | -304.16M |
| AdditionalPaidInCapital | 138.30M | 122.80M | 184.96M | 102.07M |
| CapitalStock | 477.22M | 438.24M | 332.88M | 296.05M |
| CommonStock | 477.22M | 438.24M | 332.88M | 296.05M |
| PreferredStock | 0.00 | 0.00 | ||
| TotalLiabilitiesNetMinorityInterest | 80.12M | 57.98M | 53.27M | 40.37M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 25.59M | 26.64M | 11.66M | 13.80M |
| OtherNonCurrentLiabilities | 14.00M | 14.00M | ||
| DerivativeProductLiabilities | 912.00K | 1.97M | 983.00K | 3.13M |
| NonCurrentDeferredLiabilities | 10.68M | 10.68M | 10.68M | 10.68M |
| NonCurrentDeferredTaxesLiabilities | 10.68M | 10.68M | 10.68M | 10.68M |
| CurrentLiabilities | 54.53M | 31.33M | 41.61M | 26.57M |
| CurrentDeferredLiabilities | 0.00 | |||
| CurrentDebtAndCapitalLeaseObligation | 11.78M | |||
| CurrentDebt | 11.78M | |||
| PayablesAndAccruedExpenses | 42.75M | 31.33M | 41.61M | 26.57M |
| TotalAssets | 63.00M | 68.90M | 94.78M | 133.12M |
| TotalNonCurrentAssets | 57.67M | 60.08M | 45.17M | 44.57M |
| OtherNonCurrentAssets | -1.00K | |||
| InvestmentsAndAdvances | 8.20M | 8.43M | 0.00 | |
| GoodwillAndOtherIntangibleAssets | 1.93M | 1.64M | ||
| OtherIntangibleAssets | 1.93M | 1.64M | ||
| NetPPE | 47.54M | 50.00M | 45.17M | 44.57M |
| AccumulatedDepreciation | -2.52M | -2.16M | -1.82M | -1.40M |
| GrossPPE | 50.06M | 52.16M | 47.00M | 45.97M |
| OtherProperties | 7.11M | 9.02M | ||
| MachineryFurnitureEquipment | 21.00K | 21.00K | 21.00K | |
| CurrentAssets | 5.33M | 8.82M | 49.60M | 88.56M |
| PrepaidAssets | 1.60M | 1.51M | 2.61M | 3.62M |
| Receivables | 249.00K | 467.00K | 117.00K | 64.00K |
| TaxesReceivable | 249.00K | 467.00K | 117.00K | 64.00K |
| CashCashEquivalentsAndShortTermInvestments | 3.48M | 6.84M | 46.88M | 84.87M |
| CashAndCashEquivalents | 3.48M | 6.84M | 46.88M | 84.87M |
| CashFinancial | 3.48M | 6.84M | 46.88M | 84.87M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -43.98M | -60.15M | -67.77M | -56.49M |
| RepaymentOfDebt | -2.00M | 0.00 | ||
| IssuanceOfDebt | 13.78M | 0.00 | 0.00 | 26.00M |
| IssuanceOfCapitalStock | 28.77M | 15.95M | 30.40M | 0.00 |
| CapitalExpenditure | -515.00K | -578.00K | -1.17M | -402.00K |
| EndCashPosition | 3.48M | 6.84M | 46.88M | 84.87M |
| BeginningCashPosition | 6.84M | 46.88M | 84.87M | 10.10M |
| EffectOfExchangeRateChanges | -65.00K | 51.00K | 53.00K | 10.00K |
| ChangesInCash | -3.30M | -40.09M | -38.05M | 74.77M |
| FinancingCashFlow | 40.69M | 20.07M | 29.72M | 134.70M |
| CashFlowFromContinuingFinancingActivities | 40.69M | 20.07M | 29.72M | 134.70M |
| NetOtherFinancingCharges | -357.00K | 3.82M | -867.00K | 104.47M |
| ProceedsFromStockOptionExercised | 502.00K | 295.00K | 190.00K | 4.24M |
| NetCommonStockIssuance | 28.77M | 15.95M | 30.40M | 0.00 |
| CommonStockIssuance | 28.77M | 15.95M | 30.40M | 0.00 |
| NetIssuancePaymentsOfDebt | 11.78M | 0.00 | 0.00 | 26.00M |
| NetShortTermDebtIssuance | 7.50M | 0.00 | ||
| ShortTermDebtPayments | -2.00M | 0.00 | ||
| ShortTermDebtIssuance | 9.50M | 0.00 | ||
| NetLongTermDebtIssuance | 4.28M | 0.00 | 0.00 | 26.00M |
| LongTermDebtIssuance | 4.28M | 0.00 | 0.00 | 26.00M |
| InvestingCashFlow | -515.00K | -578.00K | -1.17M | -3.84M |
| CashFlowFromContinuingInvestingActivities | -515.00K | -578.00K | -1.17M | -3.84M |
| NetBusinessPurchaseAndSale | 0.00 | -3.44M | ||
| PurchaseOfBusiness | 0.00 | -3.44M | ||
| NetPPEPurchaseAndSale | -515.00K | -578.00K | -1.17M | -402.00K |
| PurchaseOfPPE | -515.00K | -578.00K | -1.17M | -402.00K |
| OperatingCashFlow | -43.47M | -59.57M | -66.60M | -56.09M |
| CashFlowFromContinuingOperatingActivities | -43.47M | -59.57M | -66.60M | -56.09M |
| InterestPaidCFO | -73.00K | 0.00 | ||
| ChangeInWorkingCapital | 12.40M | -813.00K | 16.16M | 18.57M |
| ChangeInPayablesAndAccruedExpense | 12.28M | -1.56M | 15.20M | 22.05M |
| ChangeInReceivables | 127.00K | 748.00K | 960.00K | -3.48M |
| OtherNonCashItems | 2.52M | 795.00K | 1.00M | |
| StockBasedCompensation | 25.31M | 12.36M | 20.08M | 74.57M |
| DepreciationAmortizationDepletion | 362.00K | 360.00K | 418.00K | 453.00K |
| DepreciationAndAmortization | 362.00K | 360.00K | 418.00K | 453.00K |
| AmortizationCashFlow | 362.00K | 360.00K | 418.00K | 453.00K |
| AmortizationOfIntangibles | 362.00K | 360.00K | 418.00K | 453.00K |
| Depreciation | 360.00K | 418.00K | 453.00K | |
| OperatingGainsLosses | -2.05M | 1.51M | 67.70M | -9.39M |
| EarningsLossesFromEquityInvestments | 226.00K | 571.00K | 0.00 | |
| GainLossOnInvestmentSecurities | -1.06M | 986.00K | 67.76M | -9.38M |
| NetForeignCurrencyExchangeGainLoss | -1.22M | -51.00K | -53.00K | -15.00K |
| NetIncomeFromContinuingOperations | -81.94M | -73.78M | -170.96M | -141.30M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for TMC
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|