What is Cormark’s Forecast for Westaim FY2024 Earnings?

The Westaim Co. (CVE:WED) – Stock analysts at Cormark dropped their FY2024 earnings per share (EPS) estimates for shares of Westaim in a research note issued on Thursday, November 14th. Cormark analyst J. Fenwick now expects that the company will post earnings per share of $0.07 for the year, down from their previous forecast 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 Price Performance

Shares of WED stock opened at C$4.98 on Monday. The firm’s fifty day moving average price is C$4.45 and its two-hundred day moving average price is C$4.16. The company has a current ratio of 11.67, a quick ratio of 27.60 and a debt-to-equity ratio of 0.01. Westaim has a 1 year low of C$3.38 and a 1 year high of C$5.11. The firm has a market capitalization of C$638.29 million, a P/E ratio of 7.66 and a beta of 0.39.

Westaim Company Profile

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.