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DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
66,000% upside on tiny biotech? (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
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66,000% upside on tiny biotech? (Ad)
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Better Than Oil Stocks (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
66,000% upside on tiny biotech? (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
66,000% upside on tiny biotech? (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Better Than Oil Stocks (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
S&P 500   4,288.39
DOW   33,433.35
QQQ   361.26
Nvidia Stock, Christmas Comes Early If You’re On the Fence
66,000% upside on tiny biotech? (Ad)
Ride the Waves of Wealth With This Oil Tanker 17% Yield
Here’s Why Cloudflare may be the Ultimate Cloud Stock to Own
66,000% upside on tiny biotech? (Ad)
Peloton and Lululemon, Does the Deal Make Sense?
2 Seasonal Stocks to Warm Up Your Portfolio
Better Than Oil Stocks (Ad)
Fed's Powell gets an earful about inflation and interest rates from small businesses
Sam Bankman-Fried must now convince a jury that the former crypto king was not a crook
CVE:WED

Westaim (WED) Stock Forecast, Price & News

C$3.55
+0.01 (+0.28%)
(As of 10/2/2023 05:21 PM ET)
Compare
Today's Range
C$3.52
▼
C$3.57
50-Day Range
C$3.45
▼
C$3.60
52-Week Range
C$2.40
▼
C$3.73
Volume
332,177 shs
Average Volume
151,729 shs
Market Capitalization
C$493.41 million
P/E Ratio
2.63
Dividend Yield
5.07%
Price Target
C$5.00
ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlines

Westaim MarketRank™ Forecast

Analyst Rating
0.00 Rating Score
Upside/​Downside
40.8% Upside
C$5.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$340,927 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.65 out of 5 stars

See Top Rated MarketRank™ Stocks Here

WED stock logo

About Westaim (CVE:WED) Stock

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 Price History

WED Stock News Headlines

September 21, 2023 | finance.yahoo.com
The Westaim Corporation Announces Appointment of Independent Director
September 16, 2023 | nasdaq.com
Wheat Continuing Higher into Wednesday
October 3, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
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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
October 3, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
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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)
June 15, 2023 | finance.yahoo.com
Westaim Announces Amendment to its Previously Announced Normal Course Issuer Bid
June 12, 2023 | finance.yahoo.com
Westaim Announces Closing of Secondary Offering of Skyward Specialty’s Common Stock
June 12, 2023 | technews.tmcnet.com
Westaim Announces Intended Redemption of Preferred Securities
June 8, 2023 | msn.com
CORMARK SECURITIES INC. Maintains Westaim (TSXV:WED) Buy Recommendation
June 7, 2023 | finance.yahoo.com
Westaim Announces Pricing of Secondary Offering of Skyward Specialty’s Common Stock
June 7, 2023 | baystreet.ca
Edge Total, ADF at 52-Week Highs on News
June 5, 2023 | finance.yahoo.com
Westaim Announces Participation in Secondary Offering of Skyward Specialty’s Common Stock
May 24, 2023 | ca.finance.yahoo.com
Total, Westaim at 52-Week Highs
May 16, 2023 | finance.yahoo.com
The Westaim Corporation Reports Q1 2023 Results
May 5, 2023 | theglobeandmail.com
Closing Bell: The Westaim Corp down on Tuesday (WED)
April 27, 2023 | finance.yahoo.com
Westaim Announces Details for Investor Day and Shareholders Meeting
April 23, 2023 | usatoday.com
600-pound NASA satellite expected to crash into Earth Wednesday night, location unknown
April 22, 2023 | theglobeandmail.com
Closing Bell: The Westaim Corp up on Wednesday (WED)
See More Headlines
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WED Company Calendar

Last Earnings
8/15/2023
Today
10/03/2023
Next Earnings (Estimated)
11/09/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
CVE
Industry
Asset Management
Sub-Industry
N/A
Sector
Financial Services
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 Forecast
C$5.00
High Stock Price Forecast
C$5.00
Low Stock Price Forecast
C$5.00
Forecasted Upside/Downside
+40.8%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$1.35
Trailing P/E Ratio
2.63
Forward P/E Ratio
9.36
P/E Growth
N/A
Net Income
C$141.87 million
Net Margins
91.68%
Pretax Margin
N/A
Return on Equity
34.58%
Return on Assets
19.21%

Debt

Debt-to-Equity Ratio
8.02
Current Ratio
22.18
Quick Ratio
27.60

Sales & Book Value

Annual Sales
C$154.74 million
Price / Sales
3.19
Cash Flow
C$3.54 per share
Price / Cash Flow
1.00
Book Value
C$3.41 per share
Price / Book
1.04

Miscellaneous

Outstanding Shares
138,990,000
Free Float
N/A
Market Cap
C$493.41 million
Optionable
Not Optionable
Beta
0.41
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Key Executives

  • Mr. John Cameron MacDonald CFA
    Pres, CEO & Director
  • Mr. Glenn Garry MacNeil C.A. (Age 64)
    C.M.A., CPA, CFA, CPA, Chief Financial Officer
    Comp: $510k
  • Mr. Robert Terrance Kittel CFA (Age 51)
    CPA, Chief Operating Officer
    Comp: $1.11M
  • Mr. Stephen Lyndon Way (Age 74)
    Chief Exec. of HIIG
  • Ms. Karen Woodfield
    Controller
  • Mr. Nakul Randev
    Principal
  • Ms. Cristina Nunes
    Advisor
  • Mr. William R. Andrus (Age 73)
    Advisor

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













WED Stock - Frequently Asked Questions

What is Westaim's stock price forecast for 2023?

0 Wall Street research analysts have issued 12 month price targets for Westaim's stock. Their WED share price forecasts range from C$5.00 to C$5.00. On average, they expect the company's share price to reach C$5.00 in the next year. This suggests a possible upside of 40.8% 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 2023?

Westaim's stock was trading at C$2.63 on January 1st, 2023. Since then, WED stock has increased by 35.0% and is now trading at C$3.55.
View the best growth stocks for 2023 here.

When is Westaim's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our WED earnings forecast.

How were Westaim's earnings last quarter?

The Westaim Co. (CVE:WED) released its earnings results on Tuesday, August, 15th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.02. The firm earned $4.44 million during the quarter, compared to analysts' expectations of $49.82 million. Westaim had a net margin of 91.68% and a trailing twelve-month return on equity of 34.58%.

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 13.33%. 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).

What is Westaim's stock symbol?

Westaim trades on the Canadian Venture Exchange (CVE) under the ticker symbol "WED."

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.

What is Westaim's stock price today?

One share of WED stock can currently be purchased for approximately C$3.55.

How much money does Westaim make?

Westaim (CVE:WED) has a market capitalization of C$493.41 million and generates C$154.74 million in revenue each year. The company earns C$141.87 million in net income (profit) each year or C$1.35 on an earnings per share basis.

How can I contact Westaim?

Westaim's mailing address is 70 York St Suite 1700, TORONTO, ON M5J 1S9, Canada. The official website for the company is www.westaim.com. The company can be reached via phone at +1-416-9693333.

This page (CVE:WED) was last updated on 10/3/2023 by MarketBeat.com Staff

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