Doman Building Materials Group Ltd T.DBM

2 New Downgrades

[alhiemstra]

 Canaccord’s Yuri Lynk lowered his Doman Building Materials Group Ltd. target to $7.50 from $8 with a “hold” rating, while Raymond James’ Steve Hansen cut his target to $9.50 from $10.50 with an “outperform” rating. The average is $9.71.

“We are trimming our target price ... to account for emerging macro headwinds that, while still nascent, could present incremental risk to the outlook,” said Mr. Hansen. “That said, with demand still robust across most key end-markets and LBM prices expected to remain at elevated levels, we continue to foresee exceptional results throughout our forecast horizon.”

[TheBridge]

Al, it looks like Canaccord is readying itself to make some significant client purchases once they can get the share price to drop just a bit more.

[Stocker46]

I never pay much attention to analyst predictions .. they've been proven wrong too ofter. Seems like panic & paranoia are taking over the Market. DBM & TSL are good examples. Both had excellent 1st Quarters but: pre release close DBM = $7.29 , moved to $7.65 early the following day but closed down.  Current price at $7.19 (DBM also traded above $8 for the month of March with a

[TheBridge]

Anyone know if Canaccord is buying today?

[Stocker46]

Just getting a little silly now. DBM's 1st Q EPS was 33% above the estimates but the SP continues to drop. New investors are now getting a dividend yield of 7.99 %.

[gold_diggers1]

. Hey TheBridge, see House Position below.... Canaccord was a net seller today of 3,900 shares. . House Positions for C:DBM from 20220509 to 20220509 House Bought $Val Ave Sold $Val Ave Net $Net 79 CIBC 130,880 920,740 7.035 105,682 743,666

[TheBridge]

Thanks for the post gold__diggers. There were some pretty big net buyers yesterday. Nervous Nellies replaced by some risk takers who see some positive possibilities. Just have to sit back, collect the nice divy and wait for things to turn around by the fall time.