Canfor ( (TSE:CFP) ) has provided an update.
Canfor Corporation has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 5% of its outstanding shares by March 2026. This strategic move is seen as an effective use of financial resources and aligns with the company’s interests, potentially impacting its market positioning and shareholder value positively.
More about Canfor
Canfor Corporation is a global leader in the manufacturing of 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 produces renewable products from sustainably managed forests at over 50 facilities across Canada, the United States, and Europe. The company holds a 77% stake in Vida AB, one of Sweden’s largest sawmilling companies, and a 54.8% interest in Canfor Pulp Products Inc.
YTD Price Performance: 2.07%
Average Trading Volume: 26,068
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.28B
See more data about CFP stock on TipRanks’ Stock Analysis page.