West Fraser Timber Co ( (TSE:WFG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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West Fraser Timber Co. shares experienced a downturn despite reporting a Q3 EPS of $2.63, surpassing the expected $1.52. The decline is attributed to a revenue shortfall, with earnings of $1.31 billion falling short of the anticipated $1.35 billion. The company is also grappling with high mortgage rates affecting housing affordability and increased tariffs on Canadian softwood lumber. Nevertheless, West Fraser Timber Co. is focused on strategic investments to boost long-term shareholder value, supported by strong liquidity and a balanced capital allocation strategy.
More about West Fraser Timber Co
YTD Price Performance: -21.63%
Average Trading Volume: 242,841
Technical Sentiment Signal: Sell
Current Market Cap: $5.18B
For further insights into WFG stock on TipRanks’ Stock Analysis page.
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