FY2025 Earnings Forecast for Canada Nickel Issued By Cormark

Canada Nickel Company Inc. (CVE:CNC) – Equities researchers at Cormark lowered their FY2025 EPS estimates for Canada Nickel in a research note issued on Wednesday, March 5th. Cormark analyst S. Ioannou now forecasts that the company will post earnings of ($0.04) per share for the year, down from their prior estimate of ($0.03). The consensus estimate for Canada Nickel’s current full-year earnings is ($0.04) per share.

Canada Nickel Price Performance

CNC stock opened at C$1.01 on Monday. The firm has a market cap of C$182.67 million, a price-to-earnings ratio of -20.57 and a beta of 2.31. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. Canada Nickel has a 12-month low of C$0.74 and a 12-month high of C$1.60. The company’s fifty day simple moving average is C$0.85 and its 200 day simple moving average is C$0.96.

Insider Activity

In other Canada Nickel news, Senior Officer Stephen James Balch sold 123,996 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52. Also, Director David Smith acquired 50,000 shares of Canada Nickel stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of C$0.84 per share, with a total value of C$42,055.00. Company insiders own 14.82% of the company’s stock.

About Canada Nickel

Canada Nickel Company Inc, together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron. Its flagship project is the Crawford Nickel project located in northern Ontario, Canada. It serves electric vehicle, green energy, and stainless steel markets.