Acadian Timber (ADN) Reaches New 52-Week Low at $16.54

Acadian Timber Corp (TSE:ADN) reached a new 52-week low on Wednesday . The company traded as low as C$16.54 and last traded at C$16.55, with a volume of 18255 shares changing hands. The stock had previously closed at C$16.89.

ADN has been the topic of a number of research analyst reports. Raymond James restated an “outperform” rating and issued a C$22.00 price target on shares of Acadian Timber in a research note on Thursday, November 1st. CIBC upgraded Acadian Timber from an “underperform” rating to a “neutral” rating and increased their price target for the company from C$19.00 to C$20.00 in a research note on Thursday, July 12th.

The company has a quick ratio of 2.82, a current ratio of 2.90 and a debt-to-equity ratio of 33.48.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.282 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Friday, December 28th. Acadian Timber’s dividend payout ratio (DPR) is presently 54.23%.

COPYRIGHT VIOLATION WARNING: “Acadian Timber (ADN) Reaches New 52-Week Low at $16.54” was posted by WKRB News and is the property of of WKRB News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at

Acadian Timber Company Profile (TSE:ADN)

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 approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides management services relating to approximately 1.3 million acres of Crown licensed timberlands.

See Also: What is a bull 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's FREE daily email newsletter.

Leave a Reply