25,220 Shares in TMC the metals company Inc. (NASDAQ:TMC) Purchased by Oppenheimer & Co. Inc.

Posted by Defense World Staff on Mar 10th, 2025

Oppenheimer & Co. Inc. bought a new stake in TMC the metals company Inc. (NASDAQ:TMC – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,220 shares of the company’s stock, valued at approximately $28,000.

Separately, Virtu Financial LLC bought a new stake in shares of TMC the metals in the 3rd quarter worth $44,000. Institutional investors own 4.39% of the company’s stock.

TMC the metals Price Performance

NASDAQ TMC opened at $1.82 on Monday. The company has a market capitalization of $590.16 million, a P/E ratio of -5.87 and a beta of 1.52. TMC the metals company Inc. has a 12 month low of $0.72 and a 12 month high of $2.55. The company’s 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.18.

Insiders Place Their Bets

In related news, insider Erika Ilves sold 217,099 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $1.11, for a total value of $240,979.89. Following the completion of the transaction, the insider now owns 998,170 shares in the company, valued at $1,107,968.70. This trade represents a 17.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 30.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on TMC the metals in a research note on Wednesday, January 15th. They set a “buy” rating and a $3.75 target price for the company.

Read Our Latest Research Report on TMC

TMC the metals Profile

(Free Report)

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 three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.