Western Forest Products (TSE:WEF) Reaches New 1-Year Low – What’s Next?

Posted by Trevor Kearing on Feb 3rd, 2025

Western Forest Products Inc. (TSE:WEF – Get Free Report)’s share price hit a new 52-week low on Monday . The stock traded as low as C$0.37 and last traded at C$0.38, with a volume of 196019 shares trading hands. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WEF shares. Raymond James lowered their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday. TD Securities cut their target price on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research report on Friday, November 8th.

Read Our Latest Report on Western Forest Products

Western Forest Products Price Performance

The stock’s 50 day simple moving average is C$0.42 and its 200-day simple moving average is C$0.45. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73. The company has a market capitalization of C$121.95 million, a PE ratio of -2.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.

Western Forest Products (TSE:WEF – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The business had revenue of C$241.70 million for the quarter, compared to analyst estimates of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. As a group, equities analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.

Western Forest Products Company Profile

(Get Free Report)

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.