Western Forest Products Inc. (TSE:WEF - Free Report) - Equities research analysts at Raymond James Financial reduced their FY2025 earnings estimates for shares of Western Forest Products in a research note issued to investors on Monday, July 21st. Raymond James Financial analyst D. Swetlishoff now forecasts that the company will earn ($0.13) per share for the year, down from their previous forecast of ($0.08). Raymond James Financial has a "Market Perform" rating and a $0.40 price objective on the stock. The consensus estimate for Western Forest Products' current full-year earnings is $0.00 per share. Raymond James Financial also issued estimates for Western Forest Products' FY2026 earnings at ($0.16) EPS.
A number of other equities analysts have also weighed in on WEF. TD Securities decreased their target price on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Royal Bank Of Canada cut their price objective on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd.
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Western Forest Products Price Performance
Shares of WEF stock traded down C$0.01 on Thursday, reaching C$0.41. The company's stock had a trading volume of 566,886 shares, compared to its average volume of 378,858. The company has a market capitalization of C$129.87 million, a P/E ratio of -2.97, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a 12-month low of C$0.36 and a 12-month high of C$0.58. The stock's 50 day simple moving average is C$0.40 and its 200-day simple moving average is C$0.41. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61.
Insider Transactions at Western Forest Products
In other news, insider Kernwood Limited purchased 6,356,500 shares of the stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of C$0.39 per share, for a total transaction of C$2,479,035.00. Insiders have acquired 7,451,500 shares of company stock valued at $2,901,170 in the last ninety days. 0.67% of the stock is currently owned by insiders.
About Western Forest Products
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Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.
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