Canfor Corporation Reports Strong Shareholder Support in Director Elections

Canfor ( (TSE:CFP) ) just unveiled an update.

Canfor Corporation announced the voting results from its Annual General Meeting held on May 8, 2025, in Vancouver. Shareholders voted in favor of all business items, including the election of all director nominees, with a significant 84.86% of outstanding shares represented. This outcome reflects strong shareholder support and is likely to reinforce Canfor’s strategic direction and governance, potentially impacting its market position positively.

The most recent analyst rating on (TSE:CFP) stock is a Hold with a C$16.00 price target. To see the full list of analyst forecasts on Canfor stock, see the TSE:CFP Stock Forecast page.

Spark’s Take on TSE:CFP Stock

According to Spark, TipRanks’ AI Analyst, TSE:CFP is a Neutral.

Canfor’s overall stock score is impacted by significant financial challenges, including declining revenues and profitability, and cash flow pressures. Technical analysis indicates bearish momentum, while valuation metrics are unfavorable due to negative earnings. Despite these challenges, strategic shifts and a strong balance sheet provide some support. The company’s efforts to strategically transform and diversify its operations, as well as recent corporate activities like share repurchases, also contribute positively, though not enough to offset the prevailing challenges.

To see Spark’s full report on TSE:CFP stock, click here.

More about Canfor

Canfor Corporation is a global leader in manufacturing high-value, low-carbon forest products, including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets, and green energy. Headquartered in Vancouver, British Columbia, Canfor operates over 50 facilities across Canada, the United States, and Europe. The company holds a 77% stake in Vida AB, Sweden’s largest privately-owned sawmill company, and a 54.8% interest in Canfor Pulp Products Inc. Canfor shares are traded on the Toronto Stock Exchange under the symbol CFP.

Average Trading Volume: 196,788

Technical Sentiment Signal: Sell

Current Market Cap: C$1.6B

Learn more about CFP stock on TipRanks’ Stock Analysis page.