West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Friday, March 15th, TickerTech reports. Investors of record on Monday, April 1st will be paid a dividend of 0.20 per share on Monday, April 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, March 15th.
TSE:WFT traded down C$1.67 during trading hours on Thursday, hitting C$67.56. 387,774 shares of the company traded hands, compared to its average volume of 398,906. The company has a current ratio of 2.26, a quick ratio of 0.91 and a debt-to-equity ratio of 26.00. West Fraser Timber has a one year low of C$60.44 and a one year high of C$97.99. The stock has a market cap of $4.95 billion and a PE ratio of 6.36.
West Fraser Timber (TSE:WFT) last issued its quarterly earnings data on Tuesday, February 12th. The company reported C$0.50 earnings per share for the quarter. The company had revenue of C$1.27 billion for the quarter. On average, sell-side analysts forecast that West Fraser Timber will post 5.00000018491125 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. TD Securities decreased their target price on West Fraser Timber from C$86.00 to C$84.00 and set a “buy” rating for the company in a research report on Thursday, February 14th. CIBC lowered West Fraser Timber from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$79.00 to C$70.00 in a research report on Monday, January 14th. Royal Bank of Canada decreased their target price on West Fraser Timber from C$100.00 to C$90.00 in a research report on Tuesday, January 8th. BMO Capital Markets raised West Fraser Timber from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$68.00 to C$78.00 in a research report on Tuesday. Finally, Raymond James set a C$94.00 target price on West Fraser Timber and gave the company a “strong-buy” rating in a research report on Wednesday, February 13th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. West Fraser Timber currently has a consensus rating of “Buy” and a consensus target price of C$86.00.
In other West Fraser Timber news, insider Sean Peter Mclaren purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, December 26th. The stock was purchased at an average price of C$65.93 per share, for a total transaction of C$65,934.00. Following the transaction, the insider now owns 6,500 shares in the company, valued at approximately C$428,571.
West Fraser Timber Company Profile
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
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