Western Forest Products - WEF Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Western Forest Products in the last year. There are currently 3 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WEF shares.
View WEF analyst ratings or view top-rated stocks.

4 brokers have issued 12 month price targets for Western Forest Products' shares. Their WEF share price forecasts range from C$1.25 to C$3.25. On average, they predict the company's stock price to reach C$1.82 in the next year. This suggests a possible upside of 70.1% 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 7.8% and is now trading at C$1.07.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our WEF earnings forecast.

Western Forest Products declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Friday, February 24th will be paid a dividend of 0.013 per share on Friday, March 17th. This represents a $0.05 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Thursday, February 23rd. This is an increase from the stock's previous quarterly dividend of C$0.01.
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 4.63%. WEF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.32%. This payout ratio is at a healthy, sustainable level, below 75%.
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$1.07.

Western Forest Products (TSE:WEF) has a market capitalization of C$338.91 million and generates C$1.44 billion in revenue each year. The company earns C$61.70 million in net income (profit) each year or C$0.19 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.