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Western Forest Prod ( (TSE:WEF) ) has shared an update.
Western Forest Products Inc. announced that its Columbia Vista Division sawmill in Vancouver, Washington, has been extensively damaged by a fire, rendering it inoperable. The mill, which produced 53 million board feet of lumber in 2024, primarily focused on Douglas Fir specialty products for Japan and U.S. markets. While no injuries were reported, the incident may impact the company’s operations and market supply, necessitating an investigation and assessment to determine the next steps.
The most recent analyst rating on (TSE:WEF) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Western Forest Prod stock, see the TSE:WEF Stock Forecast page.
Spark’s Take on TSE:WEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:WEF is a Neutral.
Western Forest Products exhibits financial stability and strategic improvements in its latest earnings, contributing to a positive outlook. However, operational challenges, negative profitability, and weak technical indicators weigh heavily on the overall assessment. The company’s valuation metrics highlight concerns about overvaluation given its net losses.
To see Spark’s full report on TSE:WEF stock, click here.
More about Western Forest Prod
Western Forest Products Inc. is an integrated forest products company focused on building a margin-focused log and lumber business to compete in global softwood markets. With operations primarily on the coast of British Columbia and Washington State, the company is a leading supplier of high-value, specialty forest products to worldwide markets, boasting a lumber capacity of 780 million board feet from six sawmills, and additional facilities for remanufacturing and glulam manufacturing.
Average Trading Volume: 503,436
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$123.5M
Learn more about WEF stock on TipRanks’ Stock Analysis page.