TMC the metals company (TMC)

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TMC the metals company Inc. (NASDAQ:TMC)
Number of Hedge Fund Holders: 9

TMC the metals company Inc. (NASDAQ:TMC) is one of the 14 stocks Jim Cramer recently shared insights on. A caller asked for Cramer’s opinion of the company. Here’s what he had to say in response:

“Okay, heavily speculative stock, and as I said a couple of months ago, I’ve changed my view on this.

If I think that a stock can go up on a headline, I’m no longer going to prevent people from doing, you can be what, you can be that, you can keep that speculative stock. I’m fine.”

TMC the metals company (NASDAQ:TMC) explores, collects, and processes polymetallic nodules from the seafloor, targeting resources such as nickel, cobalt, copper, and manganese. It holds rights to two contract areas for nodule extraction in the Clarion Clipperton Zone.

On June 25, Wedbush upgraded TMC from Neutral to Outperform and raised its price target from $6 to $11. The firm cited “significantly increased confidence” in the company’s long-term growth following an executive order signed by President Trump in late April.

The upgrade also reflected recent industry checks focused on expanding domestic critical mineral supply through deep-sea mining.

Source: Insider Monkey