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Canada Nickel Company
(CNC)
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Rating:50Neutral
Price Target:
C$1.50
▲(1.35% Upside)
Action:Reiterated
Date:08/05/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow). Technicals provide a meaningful offset with the stock trading above major moving averages and showing moderately positive momentum, while valuation provides limited support given negative earnings and no dividend yield data.
Positive Factors
Equity capital base
A substantially larger equity base provides durable financing runway for exploration, technical studies and permitting. This strengthens the company's ability to fund multi-stage development without immediate production, supporting project advancement and partner discussions over the coming months.
Negative Factors
No revenue / pre-commercial
Being pre-revenue means the business cannot self-fund operations or capital needs from sales. Persistent operating losses force reliance on external financing, increasing execution risk if capital markets or partner interest weaken, and can prolong the timeline to commercial cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Equity capital base
A substantially larger equity base provides durable financing runway for exploration, technical studies and permitting. This strengthens the company's ability to fund multi-stage development without immediate production, supporting project advancement and partner discussions over the coming months.
Read all positive factors
Canada Nickel Company (CNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$374.25M
Dividend YieldN/A
Average Volume (3M)622.96K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue GrowthN/A
EPS Growth-65.13%
CountryCA
Employees34
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.11
Shares Outstanding244,607,510
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 Target
C$3.00Price Target Upside102.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
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
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
27
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 | -15.58M | -12.69M | -13.85M | -10.51M | -2.39M | -6.38M |
| Net Income | -24.82M | -26.21M | -3.22M | -14.22M | -5.54M | -6.38M |
Balance Sheet | ||||||
| Total Assets | 316.48M | 284.23M | 264.55M | 183.07M | 144.31M | 55.25M |
| Cash, Cash Equivalents and Short-Term Investments | 14.21M | 1.63M | 4.66M | 14.43M | 13.01M | 3.33M |
| Total Debt | 56.99M | 41.40M | 21.61M | 16.88M | 13.29M | 117.03K |
| Total Liabilities | 79.53M | 60.31M | 59.18M | 27.03M | 25.49M | 7.95M |
| Stockholders Equity | 234.44M | 221.41M | 205.38M | 156.04M | 118.83M | 47.30M |
Cash Flow | ||||||
| Free Cash Flow | -18.48M | -5.13M | -15.08M | -7.51M | -2.10M | -6.71M |
| Operating Cash Flow | -18.41M | -4.99M | -14.84M | -7.39M | -1.87M | -6.30M |
| Investing Cash Flow | -46.60M | -45.53M | -56.91M | -37.37M | -49.51M | -19.84M |
| Financing Cash Flow | 78.70M | 47.50M | 61.97M | 46.19M | 61.06M | 18.30M |
Canada Nickel Company Technical Analysis
Neutral
1.48
Price Trends
1.46
Positive
1.57
Negative
1.60
Negative
Market Momentum
0.04
Negative
51.16
Neutral
35.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNC, the sentiment is Neutral. The current price of 1.48 is below the 20-day moving average (MA) of 1.50, above the 50-day MA of 1.46, and below the 200-day MA of 1.60, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 51.16 is Neutral, neither overbought nor oversold. The STOCH value of 35.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$374.25M | -13.66 | -10.81% | ― | ― | -65.13% | |
46 Neutral | C$110.47M | -21.21 | -7.68% | ― | ― | -71.88% | |
46 Neutral | C$97.24M | 36.66 | 2.38% | ― | ― | ― | |
46 Neutral | C$30.48M | -23.44 | 48.85% | ― | ― | 45.30% | |
46 Neutral | C$33.55M | -7.73 | -154.32% | ― | ― | 6.73% | |
43 Neutral | C$18.19M | -25.00 | -6.12% | ― | ― | 71.43% |
* Basic Materials Sector Average
TSE:CNC
Canada Nickel Company
1.52
0.71
87.65%
TSE:FPX
FPX Nickel
0.35
0.10
40.00%
TSE:TN
Tartisan Nickel Corp
0.13
0.05
56.25%
TSE:NKL
Nickel 28 Capital Corp
1.14
0.42
58.33%
TSE:NICO
Class 1 Nickel & Technologies
0.15
0.06
66.67%
TSE:SPC
SPC Nickel
0.08
0.05
150.00%
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.