Canfor traded at 15.01 this Friday July 31st, increasing 0.67 or 4.67 percent since the previous trading session. Looking back, over the last four weeks, Canfor gained 9.16 percent. Over the last 12 months, its price rose by 11.27 percent. Looking ahead, we forecast Canfor to be priced at 14.68 by the end of this quarter and at 13.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Canfor Corporation is an integrated forest products company. The Company produces softwood lumber, pulp and paper products, remanufactured lumber products, engineered wood products, wood pellets and energy. Its segments include lumber, and pulp and paper. Its lumber segment includes logging operations, and manufacturing and sale of various grades, widths and lengths of lumber, engineered wood products, wood chips and wood pellets. Its lumber operations also include a finger-joint plant, two glulam plants, a whole-log chipping plant and a trucking division. The Pulp and Paper segment consists of three northern softwood market Kraft pulp mills and the Taylor pulp mill, all of which are owned and operated by Canfor Pulp Products Inc. (CPPI) in British Columbia. Its pulp and paper segment includes purchase of residual fiber, and production and sale of pulp and paper products, including Northern Bleached Softwood Kraft and Bleached Chemi-Thermo Mechanical Pulp, as well as energy revenues.