West Fraser Timber (TSE:WFG) Shares Down 0.2% - Here's Why

West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report)'s share price traded down 0.2% on Friday . The stock traded as low as C$109.72 and last traded at C$109.93. 121,268 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 152,898 shares. The stock had previously closed at C$110.20.

Wall Street Analyst Weigh In

A number of analysts have commented on WFG shares. Raymond James cut shares of West Fraser Timber from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, January 20th. CIBC cut their price target on shares of West Fraser Timber from C$171.00 to C$170.00 in a research report on Tuesday, February 18th.

West Fraser Timber Stock Up 1.1 %

The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The company has a market cap of C$6.22 billion, a price-to-earnings ratio of -66.75 and a beta of 2.03. The stock's fifty day moving average is C$119.01 and its two-hundred day moving average is C$125.27.

West Fraser Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, December 27th. West Fraser Timber's payout ratio is -103.44%.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.