West Fraser Renews Share Buyback Program to Repurchase Up to 5% of Stock

An announcement from West Fraser Timber Co ( (TSE:WFG) ) is now available.

West Fraser Timber Co. said on March 19, 2026 that the Toronto Stock Exchange has approved the renewal of its normal course issuer bid, allowing the company to buy back up to 3,800,917 common shares, or about 5% of its outstanding stock, starting March 24, 2026. The program, which will run until March 23, 2027 unless completed or terminated earlier, is intended to return capital to shareholders and be deployed when management views the shares as undervalued, following a prior buyback that retired 1,286,185 shares before its expiry on March 2, 2026.

Shares may be repurchased through the TSX, NYSE, alternative trading systems, private agreements or specific repurchase programs, subject to daily volume limits and regulatory rules, with all acquired shares to be cancelled. West Fraser also plans to put an automatic purchase plan in place so buybacks can continue during blackout periods, underscoring an ongoing capital allocation strategy that could support earnings per share and signal confidence in the company’s valuation to investors.

The most recent analyst rating on (TSE:WFG) stock is a Hold with a C$85.00 price target. To see the full list of analyst forecasts on West Fraser Timber Co stock, see the TSE:WFG Stock Forecast page.

Spark’s Take on WFG Stock

According to Spark, TipRanks’ AI Analyst, WFG is a Neutral.

The score is held back primarily by weakened fundamentals (losses, margin pressure, and negative 2025 free cash flow, with key segments showing persistent losses) and bearish technical momentum. Offsetting these risks is a conservative, low-debt balance sheet that improves the company’s ability to endure a prolonged downcycle, while valuation support is limited due to negative earnings despite a modest dividend yield.

To see Spark’s full report on WFG stock, click here.

More about West Fraser Timber Co

West Fraser Timber Co. is a diversified wood products manufacturer operating more than 50 facilities across Canada, the U.S., the U.K. and Europe, with a focus on sustainable forest practices. The company produces lumber, engineered wood products such as OSB, LVL, MDF, plywood and particleboard, as well as pulp, paper, wood chips and other residuals used in construction, renovation, industrial applications, and tissue and paper products.

Average Trading Volume: 187,320

Technical Sentiment Signal: Sell

Current Market Cap: C$6.8B

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