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Canada Nickel Company
(CNC)
Canada Nickel Company (CNC) vs. iShares MSCI Canada ETF (EWC)
Canada Nickel Company Business Overview & Revenue Model
Canada Nickel Company Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.06M | -13.85M | -10.51M | -2.39M | -6.38M | -3.08M |
| Net Income | -17.89M | -3.22M | -14.22M | -5.54M | -6.38M | -1.49M |
Balance Sheet | ||||||
| Total Assets | 285.81M | 264.55M | 183.07M | 144.31M | 55.25M | 33.15M |
| Cash, Cash Equivalents and Short-Term Investments | 7.37M | 4.66M | 14.43M | 13.01M | 3.33M | 11.17M |
| Total Debt | 41.09M | 21.61M | 16.88M | 13.29M | 0.00 | 0.00 |
| Total Liabilities | 60.46M | 59.18M | 27.03M | 25.49M | 7.95M | 1.76M |
| Stockholders Equity | 222.82M | 205.38M | 156.04M | 118.83M | 47.30M | 31.39M |
Cash Flow | ||||||
| Free Cash Flow | -7.17M | -15.08M | -7.51M | -2.10M | -6.71M | -14.99M |
| Operating Cash Flow | -6.93M | -14.84M | -7.39M | -1.87M | -6.30M | -4.28M |
| Investing Cash Flow | -57.44M | -56.91M | -37.37M | -49.51M | -19.84M | -10.87M |
| Financing Cash Flow | 46.32M | 61.97M | 46.19M | 61.06M | 18.30M | 26.32M |
Canada Nickel Company Technical Analysis
Canada Nickel Company Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$182.51M | -41.43 | -6.27% | ― | ― | -60.92% | |
54 Neutral | C$362.64M | -17.68 | -7.85% | ― | ― | -51.28% | |
47 Neutral | C$25.58M | -10.04 | -58.79% | ― | ― | 21.31% | |
46 Neutral | C$47.16M | -58.06 | -7.40% | ― | ― | 74.27% | |
43 Neutral | C$18.00M | -2.53 | -53.71% | ― | 2549.43% | 17.73% |
Canada Nickel Company Corporate Events
Canada Nickel Company has granted a broad package of share-based and cash-settled incentives to directors, officers and employees tied to performance in the 2025 fiscal year, including 1.9 million stock options, 1.9 million restricted share units, 1.9 million performance-based cash-settled RSUs and 750,000 deferred share units. The awards, which feature multi-year vesting schedules and link a significant portion of compensation to a construction decision on the flagship Crawford Project and certain market conditions, are aimed at aligning management and staff with long-term shareholder value and the successful advancement of the company’s core nickel-cobalt development strategy.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has released initial mineral resource estimates for its Midlothian and Bannockburn nickel sulphide projects in Ontario, further expanding the scale of its Timmins Nickel District holdings. Midlothian delivered an Inferred Resource of 595 million tonnes grading 0.28% nickel, representing the company’s highest average nickel grade to date in the district and covering only about 45% of the target geophysical footprint, with additional exploration potential identified. At Bannockburn, the company outlined 63 million tonnes of Indicated Resources at 0.28% nickel and 129 million tonnes of Inferred Resources at 0.27% nickel. With these additions, Canada Nickel now reports eight deposits in the Timmins area totaling 3.98 billion tonnes of Measured & Indicated resources and 4.95 billion tonnes of Inferred resources, containing an estimated 20.9 million tonnes of nickel metal, underscoring the district’s growing scale and its potential strategic importance relative to established nickel camps such as Sudbury.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company Inc. has successfully closed a bought deal private placement, raising C$15 million. The funds will be used to advance the Crawford Nickel Sulphide Project and for general corporate purposes. This move strengthens the company’s financial position and supports its strategic focus on nickel production for high-growth markets.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company announced that its ‘bought deal’ private placement is oversubscribed and fully allocated, with underwriters planning to exercise an over-allotment option, potentially raising gross proceeds to C$15 million. The funds will be used to advance the Crawford Nickel Sulphide Project and for general corporate purposes, highlighting the company’s strategic focus on expanding its operations in the nickel industry.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company Inc. has announced a bought deal private placement agreement with Red Cloud Securities Inc. to raise C$12 million through the sale of 10 million units, each consisting of one common share and half a warrant. The funds will be used to advance the Crawford Nickel Sulphide Project and for general corporate purposes, with the offering expected to close by December 11, 2025, subject to regulatory approvals. This funding is seen as a strategic move to accelerate project development and aligns with the company’s goal to begin construction by the end of next year.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company announced that its Crawford Nickel Project has been referred to the Major Projects Office by the Government of Canada, highlighting its strategic importance. This referral is expected to facilitate the necessary financing and permitting to begin construction by the end of next year. The project, which has significant economic and environmental implications, is positioned to become one of Canada’s largest carbon storage facilities and is expected to contribute $70 billion to Canada’s GDP over its lifespan, creating thousands of jobs.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company, in collaboration with the University of Texas at Austin, has launched a carbon sequestration pilot at its Crawford Nickel Project in Ontario. Supported by the U.S. Department of Energy’s ARPA-E program, the pilot aims to test a novel carbon capture method by injecting carbon-enriched water into ultramafic rocks to evaluate large-scale carbon capture. This initiative is part of Canada Nickel’s broader strategy to develop a Zero-Carbon Industrial Cluster in Northeastern Ontario, enhancing its carbon capture capabilities and reinforcing its commitment to sustainable mining practices.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has announced the next phase of its strategic partnership with NetCarb to develop a zero-carbon industrial cluster in Northeastern Ontario. This collaboration aims to leverage NetCarb’s carbon sequestration technology to utilize tailings from the Crawford Nickel Project, potentially sequestering significant amounts of CO2 while producing valuable by-products like hydrogen and magnesium. The initiative could position the Timmins Nickel District as a leading decarbonization hub, unlocking new industries and economic opportunities in the region. The joint development program will focus on blue-green hydrogen, low-carbon fertilizers, and magnesium-based products, enhancing regional self-sufficiency and supporting clean energy advancements.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.
Canada Nickel Company has announced the results of an economic impact study for its Crawford Nickel Project, projecting a substantial contribution of over $70 billion to Canada’s GDP over the mine’s 40+ year lifespan. The project is expected to generate significant economic benefits, including $16 billion in labour income and over $16 billion in federal and provincial tax revenues. Crawford is poised to create approximately 1,000 direct and 3,000 indirect jobs, reinforcing the Timmins Nickel District as a critical minerals hub. With advanced permitting and strong community support, the project is well-positioned to deliver benefits efficiently, with active involvement from Indigenous Nations.
The most recent analyst rating on (TSE:CNC) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Canada Nickel Company stock, see the TSE:CNC Stock Forecast page.