Cormark Research Analysts Lower Earnings Estimates for The Westaim Co. (CVE:WED)

The Westaim Co. (CVE:WEDGet Rating) – Research analysts at Cormark lowered their FY2023 EPS estimates for Westaim in a report released on Monday, November 14th. Cormark analyst J. Fenwick now expects that the company will earn $0.44 per share for the year, down from their prior forecast of $0.49. The consensus estimate for Westaim’s current full-year earnings is $0.47 per share.

Westaim Price Performance

Westaim stock opened at C$2.48 on Wednesday. The company has a market cap of C$350.64 million and a price-to-earnings ratio of 31.00. The firm’s fifty day moving average is C$2.58 and its 200 day moving average is C$2.54. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 10.96. Westaim has a 52-week low of C$2.14 and a 52-week high of C$2.83.

Westaim Company Profile

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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.

Further Reading

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