The Westaim Co. (CVE:WED – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.93 and last traded at C$3.89, with a volume of 37076 shares. The stock had previously closed at C$3.86.
Wall Street Analysts Forecast Growth
Separately, Cormark decreased their target price on Westaim from C$5.20 to C$4.75 in a research report on Monday, April 1st.
Get Our Latest Stock Analysis on Westaim
Westaim Price Performance
Westaim (CVE:WED – Get Free Report) last announced its quarterly earnings results on Wednesday, March 27th. The company reported C$0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.51 by C($0.16). Westaim had a net margin of 86.46% and a return on equity of 41.75%. The company had revenue of C$2.28 million during the quarter, compared to the consensus estimate of C$78.71 million. As a group, analysts anticipate that The Westaim Co. will post 0.1658185 earnings per share for the current fiscal year.
About Westaim
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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