FY2024 Earnings Estimate for Westaim Issued By Cormark

The Westaim Co. (CVE:WEDFree Report) – Analysts at Cormark decreased their FY2024 earnings estimates for Westaim in a research note issued to investors on Thursday, November 14th. Cormark analyst J. Fenwick now forecasts that the company will earn $0.07 per share for the year, down from their previous estimate of $0.08. The consensus estimate for Westaim’s current full-year earnings is $0.09 per share. Cormark also issued estimates for Westaim’s FY2025 earnings at ($0.03) EPS.

Westaim Stock Down 0.6 %

Shares of WED stock opened at C$4.95 on Monday. Westaim has a 12-month low of C$3.38 and a 12-month high of C$5.11. The firm has a fifty day moving average of C$4.45 and a 200-day moving average of C$4.17. The company has a market capitalization of C$634.44 million, a price-to-earnings ratio of 7.66 and a beta of 0.39. The company has a quick ratio of 27.60, a current ratio of 11.67 and a debt-to-equity ratio of 0.01.

About Westaim

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The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements. For direct investments, the firm invests in early venture, mid venture, late venture, middle market, later stage, mature, emerging growth, PIPEs, and buyout transactions.

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