16:41:01 EDT Fri 24 May 2024
Enter Symbol
or Name

West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 99,371,752
Close 2022-06-24 C$ 97.63
Market Cap C$ 9,701,664,148
Recent Sedar Documents

Globe says West Fraser insider seen buying shares

2022-06-27 09:19 ET - In the News

The Globe and Mail reports in its Saturday, June 25, edition that forest product stocks have been cut down this year over fears rising bond yields will destroy housing demand. The Globe's regular guest columnist Ted Dixon writes in the Who Is Buying and Selling column that West Fraser Timber is no exception. Its shares are down 15 per cent year-to-date. When West Fraser posted first quarter results, it noted it has experienced transportation and logistics constraints in North America. On the positive side, West Fraser expects aging housing stock to support repair and renovation demand for lumber, plywood and oriented strandboard. Meanwhile, during the recent sell-off an officer of the company bought 2,568 shares in the public market on June 17. The Globe's David Berman was bullish on West Fraser on April 28. He reported that Raymond James analyst Daryl Swetlishoff expected West Fraser's earnings to increase 220 per cent. West Fraser shares were then going for $11.43. The Globe's guest columnist Ian Tam said in the Number Cruncher column on May 26 that West Fraser was down, but that it was a solid company that should see its shares rebound. The shares could then be had for $116.37.

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