$WFG

West Fraser Announces Term Loan Refinancing and Declares Dividend

West Fraser Timber (WFG.TO, WFG) said Wednesday it entered into a new $500 million three-year term loan, with part of the proceeds to be used to repay its existing $300 million term loan due in 2028.The new term loan matures in September 2029.West Fraser said its $1 billion syndicated credit facility remains outstanding on existing terms and matures in May 2030.The company has also declared a quarterly dividend of $0.32 per share, payable on Oct. 19 to shareholders of record on Sept. 29.Shares of the company dropped $0.07 to $72.75 in after-hours US trading after closing up CA$2.19 to CA$101.90 on the Toronto Stock Exchange.

West Fraser Timber Shares Rise After Raymond James Upgrade

West Fraser Timber (WFG) shares were up over 2% in Tuesday trading after Raymond James upgraded the stock to outperform from market perform.Trading volume stood at more than 257,000 shares, compared with a daily average of about 215,000.Price: $72.13, Change: $+1.59, Percent Change: +2.25%

Raymond James Upgrades West Fraser Timber to Outperform From Market Perform, Adjusts PT to CA$118.30 From CA$104.96

West Fraser Timber (WFG) has an average rating of overweight and mean price target of CA$117.21, according to analysts polled by FactSet.

Earnings Flash (WFG) West Fraser Timber Co. Ltd. Reports Q2 Revenue $1.43B, vs. FactSet Est of $1.45B

Earnings Flash (WFG) West Fraser Reports Q1 Revenue US$1.334B, But Loss of $188M or $2.40 Per Diluted Share