FY2025 Earnings Forecast for Canada Nickel Issued By Cormark

Canada Nickel Company Inc. (CVE:CNC) – Analysts at Cormark raised their FY2025 earnings estimates for Canada Nickel in a note issued to investors on Wednesday, January 8th. Cormark analyst S. Ioannou now expects that the company will post earnings of ($0.03) per share for the year, up from their previous forecast of ($0.04). The consensus estimate for Canada Nickel’s current full-year earnings is ($0.04) per share.

Canada Nickel Price Performance

Canada Nickel stock opened at C$0.83 on Monday. The stock has a market cap of C$150.40 million, a P/E ratio of -13.83 and a beta of 2.31. The company has a fifty day simple moving average of C$0.95 and a 200-day simple moving average of C$1.03. Canada Nickel has a 12-month low of C$0.83 and a 12-month high of C$2.24. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.13.

Insider Transactions at Canada Nickel

In other news, Senior Officer Stephen James Balch sold 123,996 shares of Canada Nickel stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. Corporate insiders own 14.82% of the company’s stock.

Canada Nickel Company Profile

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.