FY2025 Earnings Forecast for Canada Nickel Issued By Cormark

Canada Nickel Company Inc. (CVE:CNC) – Analysts at Cormark reduced their FY2025 earnings per share (EPS) estimates for shares of Canada Nickel in a report released on Wednesday, March 5th. Cormark analyst S. Ioannou now anticipates that the company will post earnings per share of ($0.04) for the year, down from their previous forecast of ($0.03). The consensus estimate for Canada Nickel’s current full-year earnings is ($0.04) per share.

Canada Nickel Stock Performance

Shares of CVE CNC opened at C$1.01 on Monday. The stock’s 50-day moving average is C$0.85 and its 200 day moving average is C$0.96. The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24. Canada Nickel has a 1-year low of C$0.74 and a 1-year high of C$1.60. The stock has a market cap of C$182.67 million, a price-to-earnings ratio of -20.57 and a beta of 2.31.

Insider Transactions at Canada Nickel

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