Western Forest Products Inc (TSE:WEF) Director Daniel Louis Nocente bought 20,000 shares of Western Forest Products stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average cost of C$2.23 per share, for a total transaction of C$44,600.00.

Daniel Louis Nocente also recently made the following trade(s):

  • On Friday, June 9th, Daniel Louis Nocente bought 39,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$2.23 per share, for a total transaction of C$86,970.00.
  • On Thursday, June 1st, Daniel Louis Nocente bought 20,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$2.17 per share, for a total transaction of C$43,400.00.
  • On Wednesday, May 17th, Daniel Louis Nocente bought 21,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$2.17 per share, for a total transaction of C$45,570.00.
  • On Monday, May 15th, Daniel Louis Nocente bought 25,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$2.18 per share, for a total transaction of C$54,500.00.
  • On Monday, May 8th, Daniel Louis Nocente bought 50,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$2.14 per share, for a total transaction of C$107,000.00.

Western Forest Products Inc (TSE WEF) traded up 0.45% during mid-day trading on Friday, reaching $2.24. 575,085 shares of the company’s stock traded hands. The firm has a market cap of $885.80 million and a price-to-earnings ratio of 9.53. The firm’s 50-day moving average price is $2.16 and its 200 day moving average price is $2.04. Western Forest Products Inc has a one year low of $1.79 and a one year high of $2.29.

Insider Buying and Selling by Quarter for Western Forest Products (TSE:WEF)

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 16th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.57%.

WARNING: “Western Forest Products Inc (WEF) Director Buys C$44,600.00 in Stock” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/06/09/western-forest-products-inc-wef-director-buys-c44600-00-in-stock.html.

A number of research analysts recently commented on WEF shares. Scotiabank reissued an “outperform” rating and issued a C$2.45 target price on shares of Western Forest Products in a research note on Thursday, May 4th. Royal Bank of Canada cut Western Forest Products from an “outperform” rating to a “sector perform” rating and set a C$2.25 target price on the stock. in a research note on Wednesday, April 19th. TD Securities reissued a “buy” rating and issued a C$2.75 target price on shares of Western Forest Products in a research note on Friday, May 5th. CIBC increased their target price on Western Forest Products from C$2.25 to C$2.50 in a research note on Wednesday, May 10th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$2.50 target price on shares of Western Forest Products in a research note on Friday, February 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$2.54.

Western Forest Products Company Profile

Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world.

Receive News & Ratings for Western Forest Products Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products Inc and related companies with MarketBeat.com's FREE daily email newsletter.