Western Forest Products (WEF) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last year. There are currently 3 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.

3 Wall Street research analysts have issued 1 year price objectives for Western Forest Products' shares. Their WEF share price forecasts range from C$1.25 to C$1.50. On average, they predict the company's share price to reach C$1.39 in the next year. This suggests a possible upside of 31.1% from the stock's current price.
View analysts price targets for WEF or view top-rated stocks among Wall Street analysts.

Western Forest Products' stock was trading at C$1.16 on January 1st, 2023. Since then, WEF shares have decreased by 8.6% and is now trading at C$1.06.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our WEF earnings forecast.

Western Forest Products announced a quarterly dividend on Thursday, May 25th. Investors of record on Friday, June 16th will be given a dividend of 0.0125 per share on Friday, June 16th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for WEF.

Western Forest Products (TSE:WEF) pays an annual dividend of C$0.05 per share and currently has a dividend yield of 4.81%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 250.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for WEF.

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).

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

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.
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One share of WEF stock can currently be purchased for approximately C$1.06.

Western Forest Products (TSE:WEF) has a market capitalization of C$335.76 million and generates C$1.35 billion in revenue each year. The company earns C$6.90 million in net income (profit) each year or C$0.02 on an earnings per share basis.

The company employs 2,051 workers across the globe.

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