On May 20, 2025, TMC The Metals Co (TMC, Financial) saw new analyst activity as HC Wainwright & Co. initiated coverage on the stock. The coverage, led by analyst Heiko Ihle, came with a "Buy" rating, reflecting a positive outlook on the company's performance.
Alongside the rating, HC Wainwright & Co. announced a price target for TMC set at $5.50 USD. This is the first price target provided by the analyst, as there was no prior target for TMC The Metals Co (TMC, Financial).
Investors and stakeholders might find this development from HC Wainwright & Co. an encouraging sign, as the firm believes in the potential upside of TMC The Metals Co (TMC, Financial) with its "Buy" rating and favorable price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for TMC The Metals Co Inc (TMC, Financial) is $5.87 with a high estimate of $6.00 and a low estimate of $5.60. The average target implies an upside of 31.39% from the current price of $4.47. More detailed estimate data can be found on the TMC The Metals Co Inc (TMC) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, TMC The Metals Co Inc's (TMC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
