BlackRock Inc. acquired 1,479,956 shares of TMC the metals company during the second quarter. This new position is valued at approximately $6.56 million. The investment represents a 0.34% stake in the firm.
Total institutional ownership remains at 4.39% despite recent buying activity from several large investors. Analysts currently maintain a consensus Moderate Buy rating for the company.
The average price target of $10.44 indicates substantial growth potential from the opening price of $4.44.