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:03/25/26
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow with increased TTM cash burn). Technicals add further pressure with bearish trend signals (below key moving averages and negative MACD), while valuation provides limited support due to a negative P/E and no dividend.
Positive Factors
Large equity base
A substantially larger equity base provides a multi-month financing runway for a pre-revenue developer, reducing immediate liquidity stress and enabling continued drilling, studies and permitting. This durable capital cushion lowers near-term insolvency risk and supports staged project advancement.
Negative Factors
Pre-revenue operating losses
Absence of revenue and ongoing operating losses mean the business remains entirely dependent on external capital. Over the medium term this raises execution risk: continued losses deplete equity, force fundraising rounds, and can delay or dilute progress toward production and sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Large equity base
A substantially larger equity base provides a multi-month financing runway for a pre-revenue developer, reducing immediate liquidity stress and enabling continued drilling, studies and permitting. This durable capital cushion lowers near-term insolvency risk and supports staged project advancement.
Read all positive factors
Canada Nickel Company (CNC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$409.00M
Dividend YieldN/A
Average Volume (3M)622.96K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue GrowthN/A
EPS Growth-1952.24%
CountryCA
Employees34
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.13
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., together with its subsidiary, engages in the exploration, discovery, and development of nickel sulphide assets. It owns a 100% interest in the Crawford Nickel-Cobalt Sulphide project located in northern Ontario, Canada....
How the Company Makes Money
null...
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 | 0.00 |
| 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
Positive
1.95
Price Trends
1.77
Negative
1.69
Positive
1.33
Positive
Market Momentum
>-0.01
Negative
53.04
Neutral
75.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CNC, the sentiment is Positive. The current price of 1.95 is above the 20-day moving average (MA) of 1.60, above the 50-day MA of 1.77, and above the 200-day MA of 1.33, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 75.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
52 Neutral | C$157.69M | -24.55 | -7.36% | ― | ― | -85.06% | |
51 Neutral | C$108.58M | 17.52 | -5.33% | ― | ― | 16.24% | |
45 Neutral | C$409.00M | -21.63 | -12.59% | ― | ― | -1952.24% | |
44 Neutral | C$28.82M | 2,878.60 | -7.40% | ― | ― | 74.78% | |
44 Neutral | C$22.20M | -10.62 | -237.82% | ― | ― | -22.22% | |
43 Neutral | C$32.19M | -10.08 | 82.92% | ― | ― | 28.37% |
* Basic Materials Sector Average
TSE:CNC
Canada Nickel Company
1.70
0.80
88.89%
TSE:FPX
FPX Nickel
0.50
0.27
112.77%
TSE:TN
Tartisan Nickel Corp
0.22
0.08
57.14%
TSE:NKL
Nickel 28 Capital Corp
1.25
0.59
89.39%
TSE:NICO
Class 1 Nickel & Technologies
0.18
<0.01
2.94%
TSE:SPC
SPC Nickel
0.06
0.04
172.73%
Canada Nickel Company Corporate Events
Business Operations and Strategy
Canada Nickel Moves Crawford Project Forward With Hydro One Power Engineering Deal
Positive
Mar 9, 2026
Canada Nickel Company has signed two agreements with Hydro One Network to begin detailed engineering work to connect its flagship Crawford Nickel Project to the provincial grid via Hydro One’s Porcupine Station near Timmins, Ontario. The tra...
Business Operations and StrategyRegulatory Filings and Compliance
Canada Nickel Clears Key Federal Permitting Hurdle for Giant Crawford Nickel Project
Positive
Mar 5, 2026
Canada Nickel has cleared a key regulatory hurdle for its flagship Crawford Nickel Project in Ontario, with federal authorities confirming completion of the Impact Statement phase and formally launching the Impact Assessment stage under CanadaR...
Business Operations and StrategyRegulatory Filings and Compliance
Canada Nickel Files NI 43-101 Report for Reid Nickel Sulphide Resource
Positive
Feb 27, 2026
Canada Nickel Company has filed an independent NI 43-101 technical report on SEDAR+ supporting the initial mineral resource estimate for its 100% owned Reid Nickel Sulphide Project near Timmins, Ontario. The report, prepared by Caracle Creek Inter...
Business Operations and Strategy
Canada Nickel Confirms High-Grade Awaruite and Carbon Storage Potential at Midlothian
Positive
Feb 26, 2026
Canada Nickel has reported mineralogical and metallurgical results from its wholly owned Midlothian project in Ontario, confirming that 79% of the deposit’s nickel is contained in awaruite, a high-grade nickel-iron alloy. The project hosts a...
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.