TMC the Metals Company Inc. (NASDAQ:TMC) Targets Growth in Deep-Sea Mining

Core Insights - TMC the Metals Company Inc. is a key player in the deep-sea mining industry, focusing on extracting essential metals like manganese, cobalt, nickel, and copper, which are critical for U.S. supply security [1][5] - An analyst from National Bank has set a price target of $11.75 for TMC, indicating a potential increase of approximately 25.6% from its current stock price [2][5] - TMC's projects have a combined after-tax net present value (NPV) of $23.6 billion, significantly higher than its market capitalization of approximately $3.92 billion, suggesting a bullish outlook for the company [3][5] Market Performance - TMC's current stock price is $9.50, reflecting a 14.12% increase from a previous price of $9.36, with a trading volume of 19.13 million shares indicating strong investor interest [2][4] - The stock has fluctuated between $8.51 and $9.67 recently, with a 52-week high of $11.35 and a low of $1.42, showcasing its volatility in the market [3]