Conifex Timber (CFF) Receives a Hold from RBC Capital

On August 10, an analyst has provided a rating update for Conifex Timber (CFF – Research Report). Analyst Paul Quinn from RBC Capital remains neutral on the stock and has a C$2.00 price target.

According to TipRanks.com, Quinn is a 5-star analyst with an average return of 17.8% and a 55.8% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, West Fraser Timber Co, and Louisiana-Pacific.

Conifex Timber has an analyst consensus of Moderate Buy, with a price target consensus of C$1.90.

Based on Conifex Timber’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$26.7 million and GAAP net loss of C$168.6K. In comparison, last year the company earned revenue of C$59.86 million and had a GAAP net loss of C$2.53 million.

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumber segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations. The firm’s main activities areas are the United States, Chinese, Canadian and Japanese markets. Most of the revenues are generated from the lumber in the United States of America.

The company’s shares closed last Friday at C$1.22, close to its 52-week low of C$1.12.

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