Metals Company price target raised to $6.25 from $4.50 at Alliance Global

Alliance Global Partners analyst Jake Sekelsky raised the firm’s price target on Metals Company (TMC) to $6.25 from $4.50 and keeps a Buy rating on the shares. President Trump signed an Executive Order titled “Unleashing America’s Offshore Critical Minerals and Resources,” which is a “significant win” for Metals Company’s new permitting pathway, the analyst tells investors in a research note. The firm expects government support to serve as a tailwind with respect to the company’s recently announced shift in permitting strategy. It believes Metals is “poised to play a key role in the onshoring of the complete critical minerals supply chain.”