What is Westaim's stock price target for 2024?

0 Wall Street analysts have issued twelve-month price objectives for Westaim's stock. Their WED share price targets range from C$4.75 to C$4.75. On average, they expect the company's stock price to reach C$4.75 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price. View analysts price targets for WED or view top-rated stocks among Wall Street analysts .

How have WED shares performed in 2024?

Westaim's stock was trading at C$3.76 at the start of the year. Since then, WED shares have decreased by 1.7% and is now trading at C$3.69. View the best growth stocks for 2024 here .

When is Westaim's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024. View our WED earnings forecast .

How were Westaim's earnings last quarter?

The Westaim Co. (CVE:WED) posted its earnings results on Wednesday, March, 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.16. The business had revenue of $2.28 million for the quarter, compared to analyst estimates of $78.71 million. Westaim had a net margin of 86.46% and a trailing twelve-month return on equity of 41.75%.

Is Westaim a good dividend stock?

Westaim (CVE:WED) pays an annual dividend of C$0.18 per share and currently has a dividend yield of 10.32%. WED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.40%. This payout ratio is at a healthy, sustainable level, below 75%.

What other stocks do shareholders of Westaim own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westaim investors own include BlackBerry (BB) , Editas Medicine (EDIT) , Finning International (FTT) , Bank of Montreal (BMO) , Medical Facilities (DR) , Enbridge (ENB) , Ford Motor (F) , General Electric (GE) and Pulse Seismic (PSD) .

How do I buy shares of Westaim?

Shares of WED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

CVE:WED

Westaim (WED) Stock Price, News & Analysis

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C$3.69

+0.01 (+0.27%)

(As of 04/18/2024 05:19 PM ET)

Compare

Today's Range: C$3.67
▼
C$3.70
50-Day Range: C$3.54
▼
C$3.75
52-Week Range: C$2.81
▼
C$3.92

Volume: 28,100 shs
Average Volume: 129,688 shs
Market Capitalization: C$513.24 million

P/E Ratio: 2.13
Dividend Yield: 4.88%
Price Target: C$4.75

Stock Analysis Analyst Forecasts Chart Earnings Headlines Insider Trades

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Westaim MarketRank™ Stock Analysis

Analyst Rating: 0.00 Rating Score
Upside/Downside: 28.7% Upside
C$4.75 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.89 out of 5 stars

2.0

Analyst's Opinion

Amount of Analyst Coverage
Westaim has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WED.

2.5

Dividend Strength

Dividend Leadership
Westaim is a leading dividend payer. It pays a dividend yield of 10.32%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Westaim does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Westaim is 10.40%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WED.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Westaim this week, compared to 0 articles on an average week.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Westaim insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.57% of the stock of Westaim is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 12.25% of the stock of Westaim is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Westaim is 2.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Westaim is 2.13, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 447.11.
Price to Book Value per Share Ratio
Westaim has a P/B Ratio of 0.94. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Westaim Stock (CVE:WED)

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. For fund of fund investments, it seeks to invest in private equity funds, venture capital funds, and hedge funds. The firm seeks to provide long term capital to businesses operating in the global financial services industry. It typically acquires controlling interests in businesses. The firm seeks to acquire debt, equity, or derivative securities of both public and private companies. It invests with the objective of providing its shareholders with capital appreciation and real wealth preservation. The firm seeks to provide its portfolio companies with advisory services including, but not limited to, advice on capital allocation, financing strategy, performance measurement and merger and acquisition support. It also seeks to partner with like-minded providers of third party capital to help supplement the firm's own capital, when completing acquisitions. The firm generally seeks to hold its investments for seven to 15 years. The Westaim Corporation was founded in 1996 and is based in Toronto, Canada.

WED Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WED Stock News Headlines

April 12, 2024 | americanbankingnews.com

Westaim (CVE:WED) Stock Passes Below Fifty Day Moving Average of $3.61

April 2, 2024 | finance.yahoo.com

Westaim Full Year 2023 Earnings: EPS: US$1.33 (vs US$0.13 in FY 2022)

April 19, 2024 | Paradigm Press (Ad)

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February 16, 2024 | finance.yahoo.com

The Westaim Corporation (WED.V)

February 2, 2024 | morningstar.com

The Westaim Corp WED

January 20, 2024 | morningstar.com

The Westaim Corp WEM1

January 18, 2024 | dailymail.co.uk

Diana 'wanted to wed doctor'

December 20, 2023 | usatoday.com

Here's who's facing off at Wednesday's Republican debate in Alabama

April 19, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

November 20, 2023 | finance.yahoo.com

Westaim Announces Closing of Skyward Specialty’s Upsized Follow-On Offering

November 16, 2023 | msn.com

Westaim prices SKWD's upsized 5M offering

November 10, 2023 | morningstar.com

The Westaim Corp WEDXF

October 27, 2023 | usatoday.com

An emergency alert test will hit all phones Wednesday. How the wireless system works.

October 24, 2023 | msn.com

The Westaim Corporation: A Hidden Small-Cap Cheaply Priced Gem

October 3, 2023 | theglobeandmail.com

Closing Bell: The Westaim Corp up on Monday (WED)

September 21, 2023 | finance.yahoo.com

The Westaim Corporation Announces Appointment of Independent Director

September 16, 2023 | nasdaq.com

Wheat Continuing Higher into Wednesday

September 15, 2023 | finance.yahoo.com

The Westaim Corporation Announces Renewal of Normal Course Issuer Bid

September 14, 2023 | cbsnews.com

First Alert Weather: Partly cloud with stray rain showers; Yellow Alert for Wednesday

August 25, 2023 | theglobeandmail.com

Closing Bell: The Westaim Corp down on Thursday (WED)

August 17, 2023 | dailymail.co.uk

Are we all going to die next Wednesday?

August 15, 2023 | finance.yahoo.com

The Westaim Corporation Reports Q2 2023 Results

July 21, 2023 | usatoday.com

Tornadoes confirmed near Chicago Wednesday, touching down near O'Hare airport

July 20, 2023 | theglobeandmail.com

Closing Bell: The Westaim Corp flat on Wednesday (WED)

July 17, 2023 | businesswire.com

Westaim Announces Closing of Redemption of Preferred Securities

July 15, 2023 | theglobeandmail.com

Closing Bell: The Westaim Corp up on Friday (WED)

June 30, 2023 | theglobeandmail.com

Closing Bell: The Westaim Corp down on Friday (WED)

See More Headlines

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Company Calendar

Last Earnings: 3/27/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: CVE
Sector: Financial Services
Industry: Asset Management
Sub-Industry: N/A
Current Symbol: CVE:WED
CUSIP: N/A
CIK: N/A
Web: www.westaim.com
Phone: +1-416-9693333
Fax: N/A
Employees: 7
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$4.75
High Stock Price Target: C$4.75
Low Stock Price Target: C$4.75
Potential Upside/Downside: +28.7%
Consensus Rating
Rating Score (0-4): 0.00
Research Coverage: 0 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.73
Trailing P/E Ratio: 2.13
Forward P/E Ratio: 22.69
P/E Growth: N/A
Net Income: C$183.98 million
Net Margins: 86.46%
Pretax Margin: N/A
Return on Equity: 41.75%
Return on Assets: 24.32%

Debt

Debt-to-Equity Ratio: 0.03
Current Ratio: 16.18
Quick Ratio: 27.60

Sales & Book Value

Annual Sales: C$212.78 million
Price / Sales: 2.41
Cash Flow: C$3.68 per share
Price / Cash Flow: 1.00
Book Value: C$3.93 per share
Price / Book: 0.94

Miscellaneous

Outstanding Shares: 139,090,000
Free Float: N/A
Market Cap: C$513.24 million
Optionable: Not Optionable
Beta: 0.39

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Key Executives

Mr. John Cameron MacDonald CFA
President, CEO & Director
Mr. Glenn Garry MacNeil C.A. (Age 65)
C.M.A., CPA, CFA, CPA, Chief Financial Officer
Comp: $692.69k
Mr. Robert Terrance Kittel CFA (Age 52)
CPA, Chief Operating Officer
Comp: $1.51M
Mr. Stephen Lyndon Way (Age 75)
Chief Executive of HIIG
Comp: $711.47k
Ms. Karen Woodfield
Controller
Mr. Nakul Randev
Principal
Ms. Cristina Nunes
Advisor
Mr. William R. Andrus (Age 74)
Advisor

Key Competitors

View All Competitors

Insiders

J. Cameron Macdonald
Sold 95,766 shares
Total: C$340,926.96 ($3.56/share)

View All Insider Transactions

WED Stock Analysis - Frequently Asked Questions

What is Westaim's stock price target for 2024?: 0 Wall Street analysts have issued twelve-month price objectives for Westaim's stock. Their WED share price targets range from C$4.75 to C$4.75. On average, they expect the company's stock price to reach C$4.75 in the next twelve months. This suggests a possible upside of 28.7% from the stock's current price.
View analysts price targets for WED or view top-rated stocks among Wall Street analysts.
How have WED shares performed in 2024?: Westaim's stock was trading at C$3.76 at the start of the year. Since then, WED shares have decreased by 1.7% and is now trading at C$3.69.
View the best growth stocks for 2024 here.
When is Westaim's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 21st 2024.
View our WED earnings forecast.
How were Westaim's earnings last quarter?: The Westaim Co. (CVE:WED) posted its earnings results on Wednesday, March, 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.16. The business had revenue of $2.28 million for the quarter, compared to analyst estimates of $78.71 million. Westaim had a net margin of 86.46% and a trailing twelve-month return on equity of 41.75%.

Is Westaim a good dividend stock?: Westaim (CVE:WED) pays an annual dividend of C$0.18 per share and currently has a dividend yield of 10.32%. WED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 10.40%. This payout ratio is at a healthy, sustainable level, below 75%.
What other stocks do shareholders of Westaim own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Westaim investors own include BlackBerry (BB), Editas Medicine (EDIT), Finning International (FTT), Bank of Montreal (BMO), Medical Facilities (DR), Enbridge (ENB), Ford Motor (F), General Electric (GE) and Pulse Seismic (PSD).
How do I buy shares of Westaim?: Shares of WED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (CVE:WED) was last updated on 4/19/2024 by MarketBeat.com Staff

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Westaim (WED) Stock Price, News & Analysis

Westaim MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About Westaim Stock (CVE:WED)

WED Stock Price History

WED Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WED Stock Analysis - Frequently Asked Questions

Overall MarketRank^™