$IFP.TO

Titan Mining Appoints Richard Pozzebon as CFO Effective July 6

Titan Mining (TI.TO, TII) appointed Richard Pozzebon as chief financial officer, effective July 6, it said in a statement on Thursday.Pozzebon, who has more than 23 years of finance and capital markets experience, most recently served as the executive vice president and CFO of Interfor (IFP.TO). Ashley Kates is serving as interim CFO during the transition period.Shares of the company closed down 2.5% to $3.18 on Wednesday on the Toronto Stock Exchange.

CIBC Raises Interfor's Price Target to C$10.50 from C$10.00

CIBC Capital Markets maintained its neutral rating on the shares of Interfor (IFP.TO) while raising its price target to C$10.50 from C$10.00 on higher estimates.CIBC raised its EBITDA estimates for Interfor by 6% to $153 million in 2026 and by 14% to $205 million in 2027, reflecting the company's first-quarter results that beat expectations.Interfor's cost reduction initiatives and the ramp-up at its sawmill operations in Thomaston, Georgia, also contributed to the higher EBITDA forecast, CIBC said."Interfor's financial position should see gradual improvement over the coming year given healthy lumber prices in the South, cost-reduction initiatives targeting $80 million of annualized savings by the end of 2027, and asset monetization initiatives," CIBC said.Price: $9.11, Change: $+0.54, Percent Change: +6.30%

Earnings Flash (IFP.TO) Interfor Reports Q1 Total Revenue $643.2M, Vs $735.5M a Year Ago