RBC Capital Reaffirms Their Hold Rating on Conifex Timber (CFF)

Shares of Conifex Timber (CFFResearch Report) were revisited by a Wall Street analyst today. Analyst Paul Quinn from RBC Capital reiterated a Hold rating, with a C$0.50 price target.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 13.2% and a 65.3% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Rayonier Advanced Materials, Mercer International Inc, and Clearwater Paper.

The word on The Street in general, suggests a Hold analyst consensus rating for Conifex Timber with a C$0.50 average price target.

Based on Conifex Timber’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$8.33 million. In comparison, last year the company had a net profit of C$4.29 million.

Conifex Timber, Inc. engages in the manufacture of structural grade dimension lumber and generation of bio-energy. It operates through the Lumber and Bioenergy segments. The Lumber segment includes timber harvesting, reforestation, forest management, and the manufacture, sale, and distribution of dimension lumber.

The company’s shares closed last Wednesday at C$0.29, close to its 52-week low of C$0.20.