Shares of The Metals Company (TMC) tumbled 5.03% in pre-market trading on Friday, as investors reacted to the company's disappointing third-quarter financial results. The deep-sea mining company reported a widened net loss for Q3 2025, sparking concerns about its financial performance and future prospects.

According to the earnings report released after market close on Thursday, TMC's net loss for the quarter expanded compared to the same period last year. This negative financial outcome appears to have overshadowed any potential positives in the company's report, leading to a significant sell-off in early trading.

Despite the sharp decline in stock price, it's worth noting that H.C. Wainwright has actually raised its target price for TMC from $7.25 to $7.50. This contrasting view suggests that while short-term results have disappointed investors, some analysts maintain a more optimistic long-term outlook on the company's potential in the deep-sea mining sector. However, the market's immediate reaction indicates that investors are more focused on the current financial performance rather than future projections.