TSE:WEF - Western Forest Products Stock Price, Forecast & News

Western Forest Products' stock was trading at C$0.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WEF stock has decreased by 30.7% and is now trading at C$0.61. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Western Forest Products.

Western Forest Products is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Western Forest Products.

Western Forest Products Inc (TSE:WEF) posted its quarterly earnings results on Tuesday, February, 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.02. The company had revenue of $80.10 million for the quarter. View Western Forest Products' earnings history.

Western Forest Products declared a quarterly dividend on Wednesday, February 12th. Investors of record on Friday, February 28th will be given a dividend of 0.023 per share on Friday, March 13th. This represents a $0.09 annualized dividend and a dividend yield of 15.08%. The ex-dividend date of this dividend is Thursday, February 27th. This is an increase from Western Forest Products's previous quarterly dividend of $0.02. View Western Forest Products' dividend history.

4 brokers have issued 1 year price targets for Western Forest Products' shares. Their forecasts range from C$1.25 to C$1.50. On average, they anticipate Western Forest Products' share price to reach C$1.45 in the next year. This suggests a possible upside of 137.7% from the stock's current price. View analysts' price targets for Western Forest Products.

News stories about WEF stock have been trending somewhat positive recently, InfoTrie reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Western Forest Products earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutWestern Forest Products.

Some companies that are related to Western Forest Products include James Halstead (JHD), Encore Wire (WIRE), EnPro Industries (NPO), Kadant (KAI), Omega Flex (OFLX), Astec Industries (ASTE), Hollysys Automation Technologies (HOLI), Gorman-Rupp (GRC), Constellium (CSTM), Avon Rubber (AVON), GUD (GUD), AZZ (AZZ), JAPAN STL WORKS/ADR (JPSWY), Resideo Technologies (REZI) and Hyster-Yale Materials Handling (HY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Western Forest Products investors own include Tourmaline Oil (TOU), ProMetic Life Sciences (PLI), Altagas (ALA), Bombardier, Inc. Class B (BBD.B), Enbridge (ENB), Inter Pipeline (IPL), Teck Resources (TECK.B), Whitecap Resources (WCP), Yamana Gold (YRI) and Carnival (CCL).

Western Forest Products trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEF."

Shares of WEF and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

One share of WEF stock can currently be purchased for approximately C$0.61.

Western Forest Products has a market capitalization of C$228.87 million and generates C$807.70 million in revenue each year. Western Forest Products employs 2,182 workers across the globe. View additional information about Western Forest Products.

The official website for Western Forest Products is http://www.westernforest.com/.

Western Forest Products' mailing address is Suite 510 - 700 West Georgia Street TD Tower, P.O. Box 10032, VANCOUVER, BC V6E 3P3, Canada. The company can be reached via phone at +1-604-6484500.