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The latest update is out from Western Forest Prod ( (TSE:WEF) ).
Western Forest Products has amended its $250 million syndicated credit facility to include a new US$30 million bilateral letter of credit facility with the Royal Bank of Canada. This facility, guaranteed by the Export Development Corporation of Canada, is expected to enhance Western’s financial flexibility and support its operations, potentially strengthening its position in the global softwood market.
The most recent analyst rating on (TSE:WEF) stock is a Hold with a C$12.00 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 Prod’s overall stock score is primarily impacted by its financial performance, which shows significant challenges with declining revenues and profitability. Technical analysis provides a neutral outlook, while valuation concerns due to a negative P/E ratio further weigh down the score.
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. The company operates primarily on the coast of British Columbia and Washington State, supplying high-value, specialty forest products to worldwide markets. Western has a lumber capacity of 780 million board feet from six sawmills and operates additional remanufacturing and glulam manufacturing facilities. It sources timber from long-term licenses, First Nations arrangements, and market purchases, and supplements production through a wholesale program.
Average Trading Volume: 20,735
Technical Sentiment Signal: Sell
Current Market Cap: C$141.5M
See more insights into WEF stock on TipRanks’ Stock Analysis page.