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Investment analysts at Dundee Securities assumed coverage on shares of Ainsworth Lumber Co. (TSE:ANS) in a note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Shares of Ainsworth Lumber Co. (TSE:ANS) traded down 0.71% during mid-day trading on Tuesday, hitting $2.81. The stock had a trading volume of 62,181 shares. Ainsworth Lumber Co. has a one year low of $2.66 and a one year high of $4.22. The stock’s 50-day moving average is $2.84 and its 200-day moving average is $3.62. The company’s market cap is $676.9 million.

Ainsworth Lumber Co. (TSE:ANS) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.05. On average, analysts predict that Ainsworth Lumber Co. will post $0.03 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Ainsworth Lumber Co. in a research note on Tuesday, May 20th. They now have a C$3.50 price target on the stock, down previously from C$4.50. Separately, analysts at Raymond James upgraded shares of Ainsworth Lumber Co. from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 15th. They now have a C$3.75 price target on the stock, down previously from C$3.76. Finally, analysts at Scotiabank cut their price target on shares of Ainsworth Lumber Co. from C$4.25 to C$3.60 in a research note on Friday, May 9th. They now have a “tender” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$3.84.

Ainsworth Lumber Co Ltd. (TSE:ANS) is a Canada-based manufacturer and supplier of oriented strand board (OSB) with a focus on value-added specialty products for markets in North America and Asia.

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