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An announcement from Westshore Terminals ( (TSE:WTE) ) is now available.
Westshore Terminals announced a fire incident at Berth 1, which will result in the berth being out of service for approximately ten weeks for repairs. This outage is expected to reduce the company’s 2025 throughput volumes to 24.0-24.5 million tonnes from the previously estimated 26.0 million tonnes, impacting its operational capacity and potentially affecting customer agreements.
The most recent analyst rating on (TSE:WTE) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Westshore Terminals stock, see the TSE:WTE Stock Forecast page.
Spark’s Take on TSE:WTE Stock
According to Spark, TipRanks’ AI Analyst, TSE:WTE is a Neutral.
Westshore Terminals’ solid financial performance and attractive dividend yield are significant strengths. However, technical indicators suggest bearish momentum, which tempers the overall score. The company’s moderate leverage and current market trends also influence the evaluation.
To see Spark’s full report on TSE:WTE stock, click here.
More about Westshore Terminals
Westshore Terminals Investment Corporation operates in the shipping and logistics industry, focusing on terminal operations. The company is primarily involved in the handling and shipment of coal and other bulk commodities, serving a range of clients and markets.
Average Trading Volume: 94,158
Technical Sentiment Signal: Buy
Current Market Cap: C$1.61B
For a thorough assessment of WTE stock, go to TipRanks’ Stock Analysis page.