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West Fraser Timber downgraded to Buy from Action List Buy at TD Securities » 08:08
06/23/22
06/23
08:08
06/23/22
08:08
WFG

West Fraser Timber

$76.42 /

-2 (-2.55%)

TD Securities analyst…

TD Securities analyst Sean Steuart downgraded West Fraser Timber to Buy from Action List Buy with a price target of $105, down from $120, after making "modest downward revisions" to his 2022 and 2023 earnings estimates due to fine-tuning of his forecasts for commodity prices, volumes, and operating costs. Given the company's recent relative valuation gains, he is "comfortable" removing West Fraser from the Action List, though he remains positive on West Fraser's prospects, Steuart tells investors.

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WFG West Fraser Timber
$76.42 /

-2 (-2.55%)

WFG West Fraser Timber
$76.42 /

-2 (-2.55%)

06/17/22 Scotiabank
West Fraser Timber price target lowered to C$143 from C$157 at Scotiabank
04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
WFG West Fraser Timber
$76.42 /

-2 (-2.55%)

Over a week ago
Recommendations
West Fraser Timber price target lowered to C$143 from C$157 at Scotiabank » 11:44
06/17/22
06/17
11:44
06/17/22
11:44
WFG

West Fraser Timber

$78.03 /

-0.56 (-0.71%)

Scotiabank analyst Benoit…

Scotiabank analyst Benoit Laprade lowered the firm's price target on West Fraser Timber to C$143 from C$157 and keeps an Outperform rating on the shares.

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WFG West Fraser Timber
$78.03 /

-0.56 (-0.71%)

WFG West Fraser Timber
$78.03 /

-0.56 (-0.71%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$78.03 /

-0.56 (-0.71%)

Hot Stocks
West Fraser Timber increases quarterly dividend to 30c per share » 06:59
06/08/22
06/08
06:59
06/08/22
06:59
WFG

West Fraser Timber

$92.10 /

-1.68 (-1.79%)

West Fraser Timber Co.…

West Fraser Timber Co. has declared a quarterly dividend of US$0.30 per share on the Common shares and Class B Common shares in the capital of the Company, payable on July 8, 2022 to shareholders of record on June 22, 2022. The quarterly dividend has been increased from the prior US$0.25 per share in order to distribute a substantially similar amount of capital to investors through the dividend in light of the share count reduction resulting from execution of the current normal course issuer bid as well as completion of the recent substantial issuer bid.

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WFG West Fraser Timber
$92.10 /

-1.68 (-1.79%)

WFG West Fraser Timber
$92.10 /

-1.68 (-1.79%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$92.10 /

-1.68 (-1.79%)

Hot Stocks
West Fraser Timber announces completion of substantial issuer bid » 07:04
06/07/22
06/07
07:04
06/07/22
07:04
WFG

West Fraser Timber

$93.78 /

-0.59 (-0.63%)

West Fraser Timber…

West Fraser Timber announced that it has taken up and purchased for cancellation a total of 11,898,205 common shares at a price of $95.00 per Share under its substantial issuer bid ("SIB") for an aggregate purchase price of approximately $1.130 billion. The Shares purchased represent approximately 11.7% of the total number of West Fraser's issued and outstanding Shares and Class B shares at the time the SIB was announced in late April 2022. After giving effect to the SIB, West Fraser will have 87,473,547 Shares and 2,281,478 Class B shares issued and outstanding. No Class B shares were purchased under the SI. Since the completion of the Norbord acquisition in February 2021, the Company has repurchased 33,542,183 Shares through the completion of two SIBs as well as normal course issuer bids, representing approximately 27.2% of the total Shares and Class B shares outstanding at the time of the acquisition of Norbord for an aggregate total of approximately US$2.812 billion. Over the same period, West Fraser has returned approximately US$112 million to shareholders through dividends, for a total of approximately US$2.924 billion in capital returned to shareholders through buybacks and dividends. All shareholders who made auction tenders and purchase price tenders will have 100% of their successfully tendered Shares purchased by West Fraser at the purchase price. Payment for the Shares accepted for purchase under the SIB will be effected by Computershare by June 9, 2022 in accordance with the SIB and applicable law. The Company expects to be eligible to recommence purchases under its normal course issuer bid after all Shares accepted for purchase under the SIB have been taken up. In connection with the recommenced NCIB and subject to TSX approval, West Fraser will enter into an automatic share purchase plan with its broker, which will enable West Fraser to provide standard instructions and purchase Shares on the open market during self-imposed blackout periods. Outside of these blackout periods, Shares may be purchased in accordance with management's discretion. For Canadian federal income tax purposes, a deemed dividend arises on the repurchase of Shares under the SIB. To assist shareholders in determining the Canadian tax consequences of the SIB, West Fraser has determined that for the purposes of the Income Tax Act. the paid-up capital per Share is C$17.49. West Fraser designates the entire amount of the deemed dividend arising from its repurchase of the Shares under the SIB as an "eligible dividend" for purposes of the Income Tax Act and any corresponding provincial and territorial tax legislation. For the purposes of subsection 191(4) of the Income Tax Act (Canada), the "specified amount" in respect of each Share is US$79.95.

ShowHide Related Items >><<
WFG West Fraser Timber
$93.78 /

-0.59 (-0.63%)

WFG West Fraser Timber
$93.78 /

-0.59 (-0.63%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$93.78 /

-0.59 (-0.63%)

Hot Stocks
West Fraser Timber announces preliminary results of substantial issuer bid » 07:02
06/03/22
06/03
07:02
06/03/22
07:02
WFG

West Fraser Timber

$89.43 /

+1.09 (+1.23%)

West Fraser Timber…

West Fraser Timber announced the preliminary results of its substantial issuer bid, or SIB, pursuant to which West Fraser offered to purchase for cancellation up to $1.25B of its common shares. In accordance with the terms and subject to the conditions of the SIB and based on the preliminary calculations of Computershare Investor Services, as depositary for the SIB, West Fraser expects to take up and pay for approximately 11.898M shares at a price of approximately $95 per share, representing an aggregate purchase price of approximately $1.13B. West Fraser currently expects that all shareholders who made auction tenders and purchase price tenders will have 100% of their successfully tendered Shares purchased by West Fraser at the purchase price.

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WFG West Fraser Timber
$89.43 /

+1.09 (+1.23%)

WFG West Fraser Timber
$89.43 /

+1.09 (+1.23%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$89.43 /

+1.09 (+1.23%)

Over a month ago
Hot Stocks
West Fraser Timber lowers SPF shipments for 2022 2.8-3.0B board feet » 17:03
04/28/22
04/28
17:03
04/28/22
17:03
WFG

West Fraser Timber

$89.05 /

+2.11 (+2.43%)

The company states:…

The company states: "Given the extent of the transportation challenges experienced in Western Canada thus far in 2022, which have been more acute and of longer duration than anticipated, we are reducing our SPF lumber shipment expectations for 2022. We now anticipate SPF shipments to be approximately 2.8 to 3.0 billion board feet, down from our original outlook of 3.0 to 3.2 billion board feet. We reiterate expectations for our 2022 SYP shipments to be approximately 3.0 to 3.2 billion board feet. In our NA EWP segment, while transportation and logistics constraints in western Canada and Ontario have been more challenging than previously anticipated, we still expect OSB shipments in 2022 to be approximately 6.1 to 6.4 billion square feet (3/8-inch basis). However, we now expect input costs for the NA EWP business to increase more significantly than originally anticipated, due to higher energy costs and Canadian pulp log costs that are linked to the price of OSB. In our Europe EWP segment we reiterate expectations for OSB shipments to be approximately 1.1 to 1.3 billion square feet in 2022. However, input costs for the Europe EWP business are now expected to increase more significantly, due primarily to higher energy costs. Inflationary cost pressures and availability constraints for labour, transportation, raw materials such as resin and chemicals, and energy are expected to remain elevated for the balance of 2022. Based on our current outlook, assuming no deterioration in market conditions during the year and that there is no additional lengthening of lead times for projects underway or planned, we continue to anticipate that we will incur capital expenditures of approximately $500 to $600 million in 2022."

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WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

Earnings
West Fraser Timber reports Q1 EPS $10.25, consensus $9.34 » 17:02
04/28/22
04/28
17:02
04/28/22
17:02
WFG

West Fraser Timber

$89.05 /

+2.11 (+2.43%)

Reports Q1 revenue…

Reports Q1 revenue $3.11B, consensus $2.74B. "Despite a number of ongoing challenges, we posted strong results in the first quarter of 2022," said Ray Ferris, CEO. "We continued to manage significant transportation challenges and the resulting mill disruptions that commenced late last year in B.C. and that were exacerbated in the first quarter by the typical transportation issues posed by Canadian winters. These near-term constraints to North American supply were offset by continued strong demand for our products."

ShowHide Related Items >><<
WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

04/21/22 Raymond James
West Fraser Timber price target raised to C$190 from C$180 at Raymond James
04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
WFG West Fraser Timber
$89.05 /

+2.11 (+2.43%)

Recommendations
West Fraser Timber price target raised to C$190 from C$180 at Raymond James » 11:52
04/21/22
04/21
11:52
04/21/22
11:52
WFG

West Fraser Timber

$88.82 /

+0.025 (+0.03%)

Raymond James analyst…

Raymond James analyst Daryl Swetlishoff raised the firm's price target on West Fraser Timber to C$190 from C$180 and keeps a Strong Buy rating on the shares.

ShowHide Related Items >><<
WFG West Fraser Timber
$88.82 /

+0.025 (+0.03%)

WFG West Fraser Timber
$88.82 /

+0.025 (+0.03%)

04/21/22 Scotiabank
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank
04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
01/12/22 Scotiabank
West Fraser Timber price target raised to C$143 from C$137 at Scotiabank
WFG West Fraser Timber
$88.82 /

+0.025 (+0.03%)

Recommendations
West Fraser Timber price target raised to C$157 from C$147 at Scotiabank » 11:36
04/21/22
04/21
11:36
04/21/22
11:36
WFG

West Fraser Timber

$88.68 /

-0.115 (-0.13%)

Scotiabank analyst Benoit…

Scotiabank analyst Benoit Laprade raised the firm's price target on West Fraser Timber to C$157 from C$147 and keeps an Outperform rating on the shares.

ShowHide Related Items >><<
WFG West Fraser Timber
$88.68 /

-0.115 (-0.13%)

WFG West Fraser Timber
$88.68 /

-0.115 (-0.13%)

04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
01/12/22 Scotiabank
West Fraser Timber price target raised to C$143 from C$137 at Scotiabank
01/10/22 CIBC
West Fraser Timber upgraded to Outperformer from Neutral at CIBC
WFG West Fraser Timber
$88.68 /

-0.115 (-0.13%)

Hot Stocks
West Fraser Timber rises 10.3% » 09:47
04/20/22
04/20
09:47
04/20/22
09:47
WFG

West Fraser Timber

$88.40 /

+8.225 (+10.26%)

West Fraser Timber is up…

West Fraser Timber is up 10.3%, or $8.25 to $88.47.

ShowHide Related Items >><<
WFG West Fraser Timber
$88.40 /

+8.225 (+10.26%)

WFG West Fraser Timber
$88.40 /

+8.225 (+10.26%)

04/12/22 TD Securities
West Fraser Timber upgraded to Action List Buy from Buy at TD Securities
02/16/22 Scotiabank
West Fraser Timber price target raised to C$147 from C$143 at Scotiabank
01/12/22 Scotiabank
West Fraser Timber price target raised to C$143 from C$137 at Scotiabank
01/10/22 CIBC
West Fraser Timber upgraded to Outperformer from Neutral at CIBC
WFG West Fraser Timber
$88.40 /

+8.225 (+10.26%)

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