West Fraser Timber (WFG)

• Market cap: $7.39B
• 1 day: 2.32%
• 5 days: 7.81%
• 1 month: 5.72%
• 3 months: -2.55%
• 6 months: 15.86%
• Year to date: 6.19%
• 1 year: 10.94%
• 5 years: 37.71%
• 10 years: 37.71%

About: West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is now one of the largest oriented strand board, or OSB, producers in the world.

Employees: 10,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

291% more call options, than puts

Call options by funds: $31M | Put options by funds: $7.92M

26% more capital invested

Capital invested by funds: $2.39B [Q2] → $3B (+$611M) [Q3]

0.48% more ownership

Funds ownership: 38.83% [Q2] → 39.31% (+0.48%) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 23

0% less funds holding

Funds holding: 205 [Q2] → 204 (-1) [Q3]

34% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 95

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $115 25% upside
• Avg. target: $118 28% upside
• High target: $120 30% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Scotiabank Ben Isaacson 45% 1-year accuracy 5 / 11 met price target	30% upside $120	Sector Outperform Maintained	25 Oct 2024
BMO Capital Ketan Mamtora 63% 1-year accuracy 5 / 8 met price target	25% upside $115	Outperform Maintained	22 Oct 2024