West Fraser Timber (WFG)

• Market cap: $6.87B
• 1 day: 1.10%
• 5 days: -3.56%
• 1 month: -8.39%
• 3 months: -10.02%
• 6 months: 9.28%
• Year to date: 1.23%
• 1 year: 2.12%
• 5 years: 28.02%
• 10 years: 28.02%

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: $2.37B [Q2] → $2.98B (+$612M) [Q3]

0.55% more ownership

Funds ownership: 38.44% [Q2] → 38.99% (+0.55%) [Q3]

0% more funds holding in top 10

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

0% less funds holding

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

4% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 24

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 34% upside
• Avg. target: $118 37% upside
• High target: $120 40% upside

2 analyst ratings

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

Scotiabank Ben Isaacson 8% 1-year accuracy 1 / 12 met price target	40% upside $120	Sector Outperform Maintained	25 Oct 2024
BMO Capital Ketan Mamtora 43% 1-year accuracy 3 / 7 met price target	34% upside $115	Outperform Maintained	22 Oct 2024