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West Fraser Timber Co. Ltd. (WFG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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109.86+1.77 (+1.64%)
At close: 4:00PM EST
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  • K
    K
    Home prices to the moon, building/repairing homes can’t meet demands - when labour catches up - KaBOOM!!!
    Bullish
  • J
    Jean
    I added 100 more @ $ 102.47 ! Just relax, buy the dip, my best advise. My target is $ 145 CND.
    WFG is a leader, longs will be rewarded as usual.
    Bullish
  • J
    Jean
    WOW ... !! WFG After hours trade UP 6% in USA !!!!???
    NEWS ?????
    Bullish
  • J
    Jean
    A down day for WFG but just look over the fence, ASLN is UP 10% ++ shorts are getting hurt on this one today ! Buy the dip, sun will rise again, don't worry !
    Bullish
  • S
    Smurf
    CIBC World Markets analyst Hamir Patel now sees “limited catalysts on the horizon” for forestry, building products and packaging companies.
“Lumber/OSB prices have already reinflated from their summer lows (and are now close to levels we expect prices to average next year), lumber futures are correcting, and the housing backdrop (while likely to stay above 1.5 million for several years yet) is only likely get more cloudy as rising mortgage rates (now at 3.2 per cent) raise affordability concerns with home prices already at record highs,” he said.
“While household balance sheets certainly remain strong (which bodes well for R&R), and the threat of a ‘buyers strike’ is low until rates approach 4%, we struggle to see what could attract new investors to these names. At the same time, we see increasing risks of forestry companies making questionable capital allocation decisions (consider West Fraser’s recent purchase of a greenfield sawmill at record valuations).”
In a research report previewing earnings season, Mr. Patel said he’s “moving to the sidelines on four lumber names,” downgrading their shares:
* Interfor Corp. (IFP-T) to “neutral” from “outperformer” with a $35 target. Average: $42.83.
* West Fraser Timber Co. Ltd. (WFG-T) to “neutral” from “outperformer” with a $120 target. Average: $139.27.
* Western Forest Products Inc. (WEF-T) to “neutral” from “outperformer” with a $2.50 target, down from $2.60. Average: $2.80.
* Resolute Forest Products Inc. (RFP-N, RFP-T) to “neutral” from “outperformer” with a US$15 target. Average: US$17.
    Neutral
  • B
    Brick
    So, can a more informed person interpret the results for us??

    So this was like double last year, which is nice, but then is that expected because of covid vs post-covid?
    Q3 was WAYYY less than Q2 - is that expected/typical, or is that bad??
  • B
    Brick
    What do you guys think about Q3? Will it be good??
  • B
    Brad
    All the lumber stocks seem like they are getting a big pop, especially the Canadian producers. It almost seems like perhaps there is news coming on tariffs or tariff reductions
    Bullish
  • J
    Jean
    my target $ 145 before eoy no worry + the div. makes you sleep well !
    Bullish
  • c
    carter
    Solid earnings. Average buy back was 97 dollars don’t see how could go lower than that.
  • A
    A
    What a boring chart lately.
  • R
    Rick
    Good morning
    Anyone know when is earnings
  • B
    Brick
    Wow, it looks like this thing is finally up to stay for good!

    Only now I wish I bought back in, in the $80s!
  • d
    doug
    I’m glad I got shares for my Norboard instead of cash! Up 30% since takeover!😎
  • G
    GH
    Housing starts picking up now that lumber prices are affordable. Lumber companies like West Frazer, Western Forest Products and Canfor are already flush with cash. New buying is starting to be reflected in rising share price. Worth the wait.
  • s
    stocktargetadvisor
    $WFT.CA
    Reiterates CIBC World Markets Top Pick CAD 120
  • S
    Smurf
    TD Securities analyst Sean Steuart lowered West Fraser Timber Co. Ltd. (WFG-N, WFG-T) to “buy” from “action list buy” with a US$113 target, exceeding the US$106 average.
  • L
    Lilliput
    Lumber price dropped recently. Will WFG lose revenue next ER?
  • c
    charles
    why its going down?
  • C
    CL Reply
    oops, this tanks 6% tomorrow
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