Symbols / TMC $6.42 +0.63%
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 | 3.43B |
| Enterprise Value | 2.54B | 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 | -28.53 | PEG | — |
| P/S | — | P/B | -64.85 | P/C | — |
| EV/EBITDA | -22.78 | 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 | 220.62M | Short Float | 11.05% | Short Ratio | 4.09 |
| Short Interest | — | 52W High | 11.35 | 52W Low | 1.57 |
| Beta | 1.92 | Avg Volume | 8.27M | Volume | 3.31M |
| Target Price | $11.20 | Recom | Strong_buy | Prev Close | $6.38 |
| Price | $6.42 | Change | 0.63% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$11.20
Mean price target
2. Current target
$6.42
Latest analyst target
3. DCF / Fair value
$-0.09
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.42
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- Inside NOAA’s first 65,000 km² deep-sea nodule mining bid - Stock Titan Mon, 09 Mar 2026 12
- TMC Is About to Dive Into Deep-Seabed Mining. Is the Stock a Buy in 2026? - The Motley Fool Wed, 11 Mar 2026 14
- NOAA Finding TMC’s Deep-Sea Mining Application Compliant Might Change The Case For Investing In TMC (TMC) - simplywall.st Wed, 11 Mar 2026 17
- TMC's Royalty Partner Is Going Public — Here's What It Means For The Stock - Stocktwits Wed, 11 Mar 2026 03
- TMC The Metals (+9.4%): Nickel Prices Surge on Supply Concerns - Trefis ue, 10 Mar 2026 09
- The Metals Company: Larger Applied-For Territory Warrants Revaluation (NASDAQ:TMC) - Seeking Alpha ue, 10 Mar 2026 21
- Assessing TMC The Metals (TMC) Valuation After Strong 1-Year Return And Recent Share Price Weakness - Yahoo Finance Sun, 08 Mar 2026 13
- Why Is TMC Stock Rallying Today? - Stocktwits hu, 05 Mar 2026 19
- Metals Royalty outlines U.S. mineral strategy in pre-Nasdaq webinar - Stock Titan ue, 10 Mar 2026 12
- 3 Things Every TMC The Metals Company Investor Needs to Know - The Motley Fool Wed, 18 Feb 2026 08
- TMC jumps as NOAA says deep-sea mining application in substantial compliance (NASDAQ:TMC) - Seeking Alpha Mon, 09 Mar 2026 16
- TMC the metals (TMC) Is Up 8.3% After Fresh Government Backing Eases Deep-Sea Mining Uncertainty - Yahoo Finance Wed, 25 Feb 2026 08
- TMC Stock Pares Rally Premarket After US Ocean Agency Backs Deep-Sea Mining Plan — Wall Street Still Sees Up To 80% Upside - Stocktwits ue, 10 Mar 2026 08
- TMC Secures Key NOAA Milestone for Deep-Sea Mining - The Globe and Mail ue, 10 Mar 2026 13
- What’s Sending TMC Shares Higher Today? - Stocktwits Mon, 09 Mar 2026 18
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 | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|