Acadian Timber Corp. (TSE:ADN – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.16 and traded as high as C$17.26. Acadian Timber shares last traded at C$17.13, with a volume of 3,393 shares trading hands.
Analysts Set New Price Targets
ADN has been the subject of a number of research analyst reports. Raymond James increased their target price on shares of Acadian Timber from C$18.50 to C$20.00 in a research report on Friday, May 10th. CIBC raised shares of Acadian Timber from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$17.00 to C$20.00 in a research report on Thursday, April 11th. Finally, Royal Bank of Canada raised their target price on shares of Acadian Timber from C$18.00 to C$20.00 in a research note on Friday, May 10th.
Check Out Our Latest Report on Acadian Timber
Acadian Timber Stock Performance
Acadian Timber (TSE:ADN – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C$0.35 earnings per share for the quarter. The business had revenue of C$28.81 million during the quarter. Acadian Timber had a net margin of 29.86% and a return on equity of 9.48%. Equities analysts anticipate that Acadian Timber Corp. will post 1.4394904 EPS for the current fiscal year.
Acadian Timber Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date is Friday, June 28th. Acadian Timber’s payout ratio is 66.67%.
Acadian Timber Company Profile
Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.
Recommended Stories
- Five stocks we like better than Acadian Timber
- Golden Cross Stocks: Pattern, Examples and Charts
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What is Short Interest? How to Use It
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Acadian Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadian Timber and related companies with MarketBeat.com's FREE daily email newsletter.