Metals Company initiated with a Buy at H.C. Wainwright

H.C. Wainwright initiated coverage of Metals Company (TMC) with a Buy rating and $5.50 price target Metals Company is a deep-sea mineral explorer aiming to commercialize polymetallic nodules from the Clarion Clipperton Zone, the analyst tells investors in a research note. The firm says the company has completed several key milestones, namely pilot collection and environmental trials, and is positioning itself as a first mover.