Canfor to Close Estill and Darlington Sawmills Amid Market Challenges

Canfor ( (TSE:CFP) ) has issued an announcement.

Canfor Corporation announced the permanent closure of its Estill and Darlington sawmills in South Carolina, effective August 2025, due to prolonged weak market conditions and financial losses. This decision will affect approximately 290 employees and reduce the company’s U.S. lumber production capacity by 350 million board feet annually. Canfor is committed to supporting affected employees through severance payments and potential redeployment opportunities within the company.

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 driven by significant financial challenges and valuation concerns, offset by strategic initiatives and shareholder support. Technical analysis suggests a neutral trend, while the earnings call highlighted a strong financial position amidst challenges. Corporate events provide additional positive sentiment, but the financial performance remains the most significant factor affecting the score.

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 renewable energy. Headquartered in Vancouver, British Columbia, Canfor operates over 50 facilities across Canada, the United States, and Europe, and holds significant stakes in Vida AB and Canfor Pulp Products Inc.

Average Trading Volume: 161,125

Technical Sentiment Signal: Sell

Current Market Cap: C$1.65B

See more data about CFP stock on TipRanks’ Stock Analysis page.