Acadian Timber Corp. (TSE:ADN – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.24 and traded as high as C$17.49. Acadian Timber shares last traded at C$17.45, with a volume of 3,989 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Royal Bank Of Canada boosted their price target on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Acadian Timber presently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.
Read Our Latest Stock Report on ADN
Acadian Timber Trading Up 0.6%
Acadian Timber (TSE:ADN – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$23.41 million during the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. On average, analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.
Acadian Timber Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Tuesday, March 31st. Acadian Timber’s dividend payout ratio is presently 43.28%.
Acadian Timber Company Profile
Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.
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