Canfor (TSE:CFP) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Canfor Co. (TSE:CFP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.56 and traded as high as C$14.30. Canfor shares last traded at C$14.04, with a volume of 80,911 shares trading hands.

Canfor News Roundup

Here are the key news stories impacting Canfor this week:

• Neutral Sentiment: Canfor reported second-quarter 2026 revenue of C$1.53 billion and operating income of C$5 million, showing the business remained operational despite challenging conditions. Canfor reports results for the second quarter of 2026
• Neutral Sentiment: The stock recently traded near both its 50-day and 200-day moving averages, while a technical report noted that shares had crossed above the 200-day average. This may attract technical investors, although the signal’s durability is uncertain given the company’s fundamentals. Canfor Shares Cross Above 200 Day Moving Average
• Negative Sentiment: Canfor posted a C$19 million shareholder net loss, equivalent to C$0.16 per share, alongside a negative net margin and negative return on equity. The loss reinforces concerns about profitability in the current lumber-market environment. Canfor to Close Alberta Sawmill, Cites Weak Markets, US Tariffs
• Negative Sentiment: The company will permanently close its Fox Creek sawmill in Alberta. Canfor cited prolonged weak markets, persistent U.S. softwood lumber duties and tariffs, and fibre-supply impacts, including effects associated with wildfires. The closure signals reduced capacity and continued stress across its lumber operations. Canfor announces closure of Fox Creek Sawmill

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James Financial cut Canfor from a “strong-buy” rating to an “outperform” rating and set a C$17.00 target price on the stock. in a research report on Friday, April 24th. TD upped their target price on Canfor from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada downgraded Canfor from a “moderate buy” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research note on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Canfor currently has an average rating of “Moderate Buy” and an average price target of C$16.60.

Canfor Stock Performance

The stock has a market cap of C$1.60 billion, a PE ratio of -1.91 and a beta of 1.37. The firm’s 50-day moving average is C$13.66 and its 200 day moving average is C$13.57. The company has a debt-to-equity ratio of 43.49, a quick ratio of 2.14 and a current ratio of 1.32.

Canfor (TSE:CFP) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($0.16) earnings per share (EPS) for the quarter. The business had revenue of C$1.53 billion for the quarter. Canfor had a negative return on equity of 30.75% and a negative net margin of 15.87%. As a group, research analysts anticipate that Canfor Co. will post 0.4005401 EPS for the current year.

About Canfor

Canfor Corp is a global leader in the manufacturing of high-value low-carbon forest products including dimension and specialty lumber, engineered wood products, pulp and paper, wood pellets and green energy. Proudly headquartered in Vancouver, British Columbia, Canfor Corp produces renewable products from sustainably managed forests, at more than 50 facilities across its diversified operating platform in Canada, the United States and Europe. Canfor Corp has a 77% stake in Vida AB, Sweden’s largest privately owned sawmill company and also owns, approximately, a 54.8% interest in Canfor Pulp.