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

West Fraser Timber Co. Ltd. (TSE:WFG) shares fell 0.2% on Friday . The stock traded as low as C$109.72 and last traded at C$109.93. 121,268 shares were traded during mid-day 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

Several research firms have weighed in on WFG. CIBC lowered their price objective on shares of West Fraser Timber from C$171.00 to C$170.00 in a research report on Tuesday, February 18th. Raymond James cut shares of West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, January 20th.

West Fraser Timber Stock Performance

The firm’s 50-day moving average price is C$119.68 and its 200 day moving average price is C$125.38. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The company has a market cap of C$6.12 billion, a price-to-earnings ratio of -65.73 and a beta of 2.03.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s dividend payout ratio is -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.