Analyst Price Target is $4.10
▲ +238.84% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for TMC the metals in the last 3 months. The average price target is $4.10, with a high forecast of $4.20 and a low forecast of $4.00. The average price target represents a 238.84% upside from the last price of $1.21.
Current Consensus is
The current consensus among 3 polled investment analysts is to moderate buy stock in TMC the metals. This Moderate Buy consensus rating has held steady for over two years.
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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the CCZ of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, clean energy transmission, manganese alloy production required for steel production, and other applications. The company was formerly known as Sustainable Opportunities Acquisition Corporation and changed its name to TMC the metals company Inc. TMC the metals company Inc. was incorporated in 2019 and is based in Vancouver, Canada.