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Western Forest Products Stock Price, News & Analysis (TSE:WEF)

C$0.69
+0.02 (+2.99%)
(As of 12/5/2023 ET)
Compare
Today's Range
C$0.65
C$0.69
50-Day Range
C$0.64
C$0.85
52-Week Range
C$0.63
C$1.45
Volume
285,579 shs
Average Volume
354,618 shs
Market Capitalization
C$218.56 million
P/E Ratio
N/A
Dividend Yield
7.25%
Price Target
C$0.98

Western Forest Products MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
42.0% Upside
C$0.98 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.86mentions of Western Forest Products in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
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.

2.31 out of 5 stars


WEF stock logo

About Western Forest Products Stock (TSE:WEF)

Western Forest Products Inc. operates as an integrated forest products company in Canada, the United States, Japan, China, Europe, and internationally. The company is involved in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber activities. Its products have applications in outdoor living, exterior appearance, interior living, industrial, and structural applications. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.

WEF Stock Price History

WEF Stock News Headlines

Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Raymond James Sticks to Its Hold Rating for Western Forest Prod (WEF)
RBC Capital Sticks to Its Hold Rating for Western Forest Prod (WEF)
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Resideo Announces Second Quarter 2023 Financial Results
Western Announces Second Quarter 2023 Results
Western Announces First Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/24/2023
Dividend Payable
9/15/2023
Last Earnings
11/07/2023
Today
12/06/2023
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Lumber & Wood Production
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,051
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$0.98
High Stock Price Target
C$1.50
Low Stock Price Target
C$0.75
Potential Upside/Downside
+42.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
C$-75,700,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.06 billion
Cash Flow
C$0.07 per share
Book Value
C$1.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$218.56 million
Optionable
Not Optionable
Beta
1.93
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Key Executives

  • Mr. J. Steven Hofer (Age 53)
    President, CEO & Non-Independent Director
    Comp: $1.11M
  • Mr. Stephen Williams
    Executive VP & CFO
  • Mr. Bruce Lindsay Alexander
    Senior Vice President of Sales, Marketing & Manufacturing
  • Ms. Jennifer Eileen Foster
    Senior Vice President of Human Resources & Corporate Affairs
  • Ms. Alyce Harper
    VP, General Counsel & Corporate Secretary
  • Babita Khunkhun
    Senior Director of Communications
  • Mr. Glen Douglas Nontell
    Vice President of Corporate Development
  • Mr. Morris Mandziuk
    Treasurer














WEF Stock Analysis - Frequently Asked Questions

Should I buy or sell Western Forest Products stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WEF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEF, but not buy additional shares or sell existing shares.
View WEF analyst ratings
or view top-rated stocks.

What is Western Forest Products' stock price target for 2024?

4 Wall Street research analysts have issued 12 month price objectives for Western Forest Products' shares. Their WEF share price targets range from C$0.75 to C$1.50. On average, they anticipate the company's share price to reach C$0.98 in the next year. This suggests a possible upside of 42.0% from the stock's current price.
View analysts price targets for WEF
or view top-rated stocks among Wall Street analysts.

How have WEF shares performed in 2023?

Western Forest Products' stock was trading at C$1.16 at the beginning of 2023. Since then, WEF shares have decreased by 40.5% and is now trading at C$0.69.
View the best growth stocks for 2023 here
.

When is Western Forest Products' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our WEF earnings forecast
.

How were Western Forest Products' earnings last quarter?

Western Forest Products Inc. (TSE:WEF) released its quarterly earnings results on Tuesday, November, 7th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $231.10 million for the quarter. Western Forest Products had a negative trailing twelve-month return on equity of 12.21% and a negative net margin of 7.13%.

How often does Western Forest Products pay dividends? What is the dividend yield for Western Forest Products?

Western Forest Products announced a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 15th will be paid a dividend of 0.0125 per share on Friday, September 15th. This represents a $0.05 annualized dividend and a dividend yield of 7.25%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for WEF
.

Is Western Forest Products a good dividend stock?

Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 6.67%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for WEF.

What other stocks do shareholders of Western Forest Products own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include AltaGas (ALA), Inter Pipeline (IPL), Canadian National Railway (CNR), Tourmaline Oil (TOU), Teck Resources (TECK.B), Canfor (CFP), Enbridge (ENB), ProMetic Life Sciences (PLI), Whitecap Resources (WCP) and Bombardier, Inc. Class B (BBD.B).

How do I buy shares of Western Forest Products?

Shares of WEF 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 (TSE:WEF) was last updated on 12/6/2023 by MarketBeat.com Staff

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