Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Canfor Corporation    CFP   CA1375761048

CANFOR CORPORATION

(CFP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

TSX gains on upbeat wholesale estimates, Corus Entertainment boost

10/23/2020 | 10:27am EST

Oct 23 (Reuters) - Canada's main stock index rose on Friday, helped by encouraging estimates of domestic wholesale data and gains in Corus Entertainment Inc after multiple brokerages went bullish on the stock following a strong quarterly result.

* At 9:36 a.m. ET (1336 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 30.1 points, or 0.18%, at 16,309.46.

* The nation's wholesale sales in September most likely increased by 0.4% after rising 0.3% in August, Statscan said in a flash estimate.

* Media company Corus Entertainment Inc was the largest percentage gainer on the index, jumping 9.5% after multiple brokerages raised their price targets on its stock following upbeat quarterly results.

* Canfor Corp was the next big gainer, rising 3.7% after the company posted third-quarter earnings above analysts' estimates.

* The energy sector shed its initial gains and dropped 0.2%, even as U.S. crude prices ticked up 0.2% a barrel and Brent crude added 0.1%.

* The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.6% even though gold futures rose 0.3% to $1,907.4 an ounce.

* On the TSX, 139 issues were higher, while 78 issues declined for a 1.78-to-1 ratio favouring gainers, with 9.93 million shares traded.

* Blackberry Ltd fell 2.1%, the most on the TSX, and the second-biggest decliner was Lundin Gold Inc, down 2.1%.

* The most heavily-traded shares by volume were Echelon Financial Holdings Inc, Bombardier Inc, and Air Canada.

* The TSX posted three new 52-week highs and no new lows.

* Across all Canadian issues there were eight new 52-week highs and two new lows, with a total volume of 19.02 million shares. (Reporting by Amal S in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. 3.03% 0.51 Delayed Quote.-73.58%
CANFOR CORPORATION -0.96% 19.69 Delayed Quote.62.19%
CORUS ENTERTAINMENT INC. 0.93% 4.36 Delayed Quote.-18.05%
GOLD 0.50% 1840.26 Delayed Quote.19.38%
LONDON BRENT OIL 0.96% 48.36 Delayed Quote.-27.74%
LUNDIN GOLD INC. 0.25% 11.94 Delayed Quote.42.98%
S&P/TSX COMPOSITE INDEX 0.35% 17358.21 Delayed Quote.1.37%
WTI 1.04% 45.3 Delayed Quote.-26.33%
All news about CANFOR CORPORATION
11/18CANFOR : Wood pellet firm Peak Renewables buys Canfor forest tenure, idled mills..
AQ
11/17CANFOR : Signs Agreement with Peak Renewables to Sell Fort Nelson Tenure
AQ
10/23CANFOR : Trends that drove lumber prices to record highs will continue, Canfor C..
AQ
10/23CANFOR : Reports Results for Third Quarter of 2020
AQ
10/23TSX gains on upbeat wholesale estimates, Corus Entertainment boost
RE
10/22CANFOR : Surging lumber prices prompt record segment profits and surging third-q..
AQ
10/22CANFOR : Reports Results for Third Quarter of 2020
AQ
09/23CANFOR CORPORATION : and Canfor Pulp Products Inc. Announce Third Quarter Result..
AQ
09/01CANFOR : Subsidiary Closes Acquisition of Strategic Assets
AQ
08/19TSX falls 0.29% to 16,577.38
RE
More news
Financials
Sales 2020 5 328 M 4 119 M 4 119 M
Net income 2020 422 M 326 M 326 M
Net Debt 2020 746 M 576 M 576 M
P/E ratio 2020 6,11x
Yield 2020 -
Capitalization 2 489 M 1 924 M 1 924 M
EV / Sales 2020 0,61x
EV / Sales 2021 0,50x
Nbr of Employees 6 766
Free-Float 48,0%
Chart CANFOR CORPORATION
Duration : Period :
Canfor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANFOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 22,85 CAD
Last Close Price 19,69 CAD
Spread / Highest target 37,1%
Spread / Average Target 16,0%
Spread / Lowest Target -12,1%
EPS Revisions
Managers
NameTitle
Donald B. Kayne President, Chief Executive Officer & Director
Conrad Alfred Pinette Chairman
Alan R. Nicholl Chief Financial Officer & Executive VP-Finance
James McNeill Singleton Independent Director
Glen David Clark Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CANFOR CORPORATION62.19%1 924
UFP INDUSTRIES, INC.10.35%3 273
TA ANN HOLDINGS-11.71%334
WESTERN FOREST PRODUCTS INC.-21.31%278
GREENLAM INDUSTRIES LIMITED-3.57%266
ACADIAN TIMBER CORP.-3.85%203