|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.20 - 22.64|
|52 Week Range||9.90 - 29.35|
|Beta (5Y Monthly)||2.02|
|PE Ratio (TTM)||3.35|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Plunging lumber prices may have sent shares of producers tumbling in recent weeks, but analysts and traders say that if history is any guide, stocks are set for a rebound as the homebuilding season picks up into year-end.Over the past 20 years, lumber prices and shares of companies from West Fraser Timber Co. and Canfor Corp. to Louisiana-Pacific Corp. have tended to slump in September before rallying into the new year, according to a Bloomberg analysis of seasonality patterns. RB
North American timber producers are expected to see a dip in current-quarter profit after lumber demand for do-it-yourself home projects decreased following the easing of most restrictions that kept people in their houses. Lofty lumber prices, the sustained needs of home builders and industrious homeowners during the pandemic pushed their second-quarter profit to record levels. Canada's West Fraser Timber Co Ltd, Canfor Corp and Interfor Corp are projected to report combined earnings of about $803 million in the third quarter, according to Refinitiv estimates, about a third of what they posted in the second quarter.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,311.78, up 81.38 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 33 cents or 1.37 per cent, to $24.56 on 7.9 million shares. Tamarack Valley Energy Ltd. (TSX:TVE). Energy. Up 12 cent or 4.67 per cent, to $2.69 on 6.7 million shares. Toronto-Dominion Bank. (TSX:TD) Financials. Down 75 cents or 0.89 per cent, to $82.95 on 5.6 million shares Denison Mines Corp. (TSX:DML) Materials.