09:47:33 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,883,036
Close 2017-03-29 C$ 56.16
Market Cap C$ 4,261,591,302
Recent Sedar Documents

Globe says Lucara, West Fraser worth considering

2017-03-30 08:20 ET - In the News

See In the News (C-LUC) Lucara Diamond Corp

The Globe and Mail reports in its Thursday, March 30, edition that the approaching end of the first quarter of 2017 is a good time to identify stocks with the greatest increase in profit expectations. The Globe's Scott Barlow writes that Lucara Diamond is one such stock. It tops the list with a 260-per-cent change in analyst earnings expectations during the past three months. This big number is flattering, however, as the percentage improvement is from a low base. The increase only amounts to 6.5 cents a share. Lucara should be considered highly speculative. The most interesting discovery for Mr. Barlow is the broad improvement in paper and forest stocks. There are three forestry stocks on the table -- West Fraser Timber, Interfor and Canfor. Of the three, West Fraser is the most likely candidate for further study. Consensus earnings estimates rose 72 per cent or 57 cents a share. Yet the company's trailing price-to-earnings ratio of 13.8 times compares favourably with the benchmark's 22.5 times. West Fraser's forward price-to-earnings ratio of 10.5 -- the current stock price divided by consensus analyst profit expectations -- is also well below the market average of 17.

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