Canada Nickel Company (TSE:CNC)
:CNC
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Canada Nickel Company
(CNC)
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Rating:45Neutral
Price Target:
C$1.50
▼(-23.08% Downside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by pre-revenue financials with persistent losses and worsening cash burn, despite a comparatively supportive equity base and moderate leverage. Technicals also remain weak with the price below key moving averages and negative MACD. Valuation provides limited support because the negative P/E is driven by losses and there is no dividend yield.
Positive Factors
Strong equity base and moderate leverage
A materially larger equity base and moderate leverage provide durable financial runway for a pre-revenue developer. This capital buffer supports ongoing exploration, technical studies and permitting over months, reducing near-term dilution risk and enabling strategic funding options to advance the project.
Negative Factors
No revenue and persistent net losses
Absence of operating revenue and sustained net losses indicate the company remains pre-revenue and reliant on external funding. This structural profile means value depends on successful project advancement and commodity markets rather than operating cash flow, increasing execution and financing risk over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong equity base and moderate leverage
A materially larger equity base and moderate leverage provide durable financial runway for a pre-revenue developer. This capital buffer supports ongoing exploration, technical studies and permitting over months, reducing near-term dilution risk and enabling strategic funding options to advance the project.
Read all positive factors
Canada Nickel Company (CNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$344.04M
Dividend YieldN/A
Average Volume (3M)622.96K
Price to Earnings (P/E)―
Beta (1Y)1.32
Revenue GrowthN/A
EPS Growth-65.13%
CountryCA
Employees34
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.14
Shares Outstanding240,588,440
10 Day Avg. Volume851,013
30 Day Avg. Volume622,959
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.06
Price to Sales (P/S)0.00
P/FCF Ratio-45.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.07
Revenue Forecast (FY)C$636.00M
Canada Nickel Company Business Overview & Revenue Model
Company Description
Canada Nickel Company Inc., along with its subsidiary, focuses on the exploration, identification, and development of nickel sulphide resources. The company holds full ownership of the Crawford Nickel-Cobalt Sulphide project, strategically located...
How the Company Makes Money
Canada Nickel Company’s business model is typical of an exploration-and-development-stage mining company: it seeks to create project value by discovering and delineating mineral resources, advancing technical studies (e.g., engineering, metallurgy...
Canada Nickel Company Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Oct 2025 | Jan 2025 | Jan 2024 | Jan 2023 | Oct 2021 |
|---|---|---|---|---|---|---|
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 | -15.27M | -14.93M | -13.85M | -10.51M | -2.39M | -6.38M |
| Net Income | -27.92M | -26.21M | -3.22M | -14.22M | -5.54M | -6.38M |
Balance Sheet | ||||||
| Total Assets | 301.09M | 284.23M | 264.55M | 183.07M | 144.31M | 55.25M |
| Cash, Cash Equivalents and Short-Term Investments | 13.83M | 1.63M | 4.66M | 14.43M | 13.01M | 3.33M |
| Total Debt | 41.92M | 41.40M | 21.61M | 16.88M | 13.29M | 117.03K |
| Total Liabilities | 59.14M | 60.31M | 59.18M | 27.03M | 25.49M | 7.95M |
| Stockholders Equity | 239.43M | 221.41M | 205.38M | 156.04M | 118.83M | 47.30M |
Cash Flow | ||||||
| Free Cash Flow | -16.82M | -5.13M | -15.08M | -7.51M | -2.10M | -6.71M |
| Operating Cash Flow | -16.71M | -4.99M | -14.84M | -7.39M | -1.87M | -6.30M |
| Investing Cash Flow | -37.20M | -45.53M | -56.91M | -37.37M | -49.51M | -19.84M |
| Financing Cash Flow | 64.74M | 47.50M | 61.97M | 46.19M | 61.06M | 18.30M |
Canada Nickel Company Technical Analysis
Negative
1.95
Price Trends
1.66
Negative
1.74
Negative
1.51
Negative
Market Momentum
-0.05
Positive
36.69
Neutral
46.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNC, the sentiment is Negative. The current price of 1.95 is above the 20-day moving average (MA) of 1.57, above the 50-day MA of 1.66, and above the 200-day MA of 1.51, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 36.69 is Neutral, neither overbought nor oversold. The STOCH value of 46.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CNC.
Canada Nickel Company Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
50 Neutral | C$100.01M | -67.29 | -5.33% | ― | ― | 47.87% | |
48 Neutral | C$33.30M | -9.01 | -269.19% | ― | ― | -22.22% | |
46 Neutral | C$115.21M | -22.13 | -7.68% | ― | ― | -71.88% | |
45 Neutral | C$344.04M | -11.62 | -12.59% | ― | ― | -65.13% | |
44 Neutral | C$22.27M | -30.42 | -7.40% | ― | ― | 74.78% | |
43 Neutral | C$34.51M | -25.42 | 82.92% | ― | ― | 25.45% |
* Basic Materials Sector Average
TSE:CNC
Canada Nickel Company
1.43
0.55
62.50%
TSE:FPX
FPX Nickel
0.37
0.10
40.38%
TSE:TN
Tartisan Nickel Corp
0.17
0.04
30.77%
TSE:NKL
Nickel 28 Capital Corp
1.16
0.32
38.10%
TSE:NICO
Class 1 Nickel & Technologies
0.17
-0.01
-8.11%
TSE:SPC
SPC Nickel
0.09
0.07
309.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.