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The latest update is out from GreenFirst Forest Products ( (TSE:GFP) ).
GreenFirst Forest Products is optimistic about the progress toward stabilizing Kap Paper Inc. and the forestry sector in Northeastern Ontario, as discussions with the Canadian and Ontario governments advance. The company is preparing to resume operations at its mills, aiming to protect jobs and maintain supply chains, while continuing to engage with stakeholders to ensure the long-term sustainability of the regional forest economy.
The most recent analyst rating on (TSE:GFP) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on GreenFirst Forest Products stock, see the TSE:GFP Stock Forecast page.
Spark’s Take on TSE:GFP Stock
According to Spark, TipRanks’ AI Analyst, TSE:GFP is a Neutral.
GreenFirst Forest Products faces significant challenges, primarily due to negative financial performance and bearish technical indicators. While there are operational improvements and strategic investments, these are overshadowed by ongoing financial losses and market uncertainties.
To see Spark’s full report on TSE:GFP stock, click here.
More about GreenFirst Forest Products
GreenFirst Forest Products is a company focused on sustainable forest management and lumber production. It operates four sawmills in Ontario, managing over 6.1 million hectares of FSC-certified forestlands, emphasizing responsible forest practices and the green advantages of lumber in building products.
YTD Price Performance: -54.60%
Average Trading Volume: 5,630
Technical Sentiment Signal: Sell
Current Market Cap: C$54.7M
Find detailed analytics on GFP stock on TipRanks’ Stock Analysis page.