Conifex Timber (TSE:CFF) announced its quarterly earnings results on Thursday. The company reported C$0.14 EPS for the quarter, Morningstar.com reports. The business had revenue of C$182.14 million for the quarter.
CFF remained flat at $C$3.05 during midday trading on Friday. 87,600 shares of the company’s stock were exchanged, compared to its average volume of 54,554. Conifex Timber has a 1 year low of C$2.42 and a 1 year high of C$6.99.
A number of research analysts have commented on the stock. TD Securities cut their price target on shares of Conifex Timber from C$7.00 to C$6.00 and set a “hold” rating for the company in a research note on Monday, August 13th. CIBC cut their price target on shares of Conifex Timber from C$9.00 to C$5.50 in a research note on Wednesday, September 19th.
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Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.
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