West Fraser Timber (TSE:WFG) Shares Down 0.2% – Here’s What Happened

West Fraser Timber Co. Ltd. (TSE:WFG) shares fell 0.2% during trading on Friday . The stock traded as low as C$109.72 and last traded at C$109.93. 121,268 shares traded hands during trading, a decline of 21% from the average session volume of 152,898 shares. The stock had previously closed at C$110.20.

Analyst Ratings Changes

WFG has been the topic of a number of research analyst reports. Raymond James lowered shares of West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, January 20th. CIBC lowered their target price on shares of West Fraser Timber from C$171.00 to C$170.00 in a research note on Tuesday, February 18th.

West Fraser Timber Trading Down 0.2 %

The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The business’s fifty day simple moving average is C$119.68 and its two-hundred day simple moving average is C$125.38. The stock has a market capitalization of C$6.12 billion, a P/E ratio of -65.73 and a beta of 2.03.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, December 27th. West Fraser Timber’s dividend payout ratio (DPR) is presently -103.44%.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.