12:16:47 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFT
Shares Issued 75,886,806
Close 2017-09-08 C$ 63.87
Market Cap C$ 4,846,890,299
Recent Sedar Documents

Globe says West Fraser director buys company shares

2017-09-11 08:21 ET - In the News

The Globe and Mail reports in its Saturday edition that a West Fraser Timber ($63.87) director bought shares after Jim Pattison revealed an interest in the company. The Globe's Ted Dixon writes in the Who's Buying and Selling column that West Fraser has significant operations in Western Canada. West Fraser's share price is up about 7 per cent over the past three months. On the first day of September, a director spent $64,215 picking up shares in the public market. Earlier in May, West Coast billionaire Jim Pattison filed an opening balance of 7,926,000 common shares, making him a West Fraser 10-per-cent holder. Mr. Pattison is also a big holder of Canfor stock. The Globe's Eye On Equities column reported on June 28 that Raymond James analyst Daryl Swetlishoff rated West Fraser "outperform," with a $67 share target. The shares were then worth $62.22. The Eye column on July 11 reported that Raymond James analyst Daryl Swetlishoff was bullish on West Fraser and Canfor when they could be had for $60.66 and $19.44. On July 26 the Eye column reported that CIBC analyst Hamir Patel reiterated his "hold" rating, while bumping up his share target to $66 from $62. The shares were then going for $63.66.

© 2024 Canjex Publishing Ltd. All rights reserved.