Major Drilling Group International Inc. (TSE:MDI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.74 and traded as high as C$15.72. Major Drilling Group International shares last traded at C$15.51, with a volume of 95,447 shares.
Analysts Set New Price Targets
MDI has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price target on shares of Major Drilling Group International from C$17.00 to C$20.00 and gave the stock an "outperform" rating in a report on Tuesday, February 24th. TD Securities increased their price target on shares of Major Drilling Group International from C$16.00 to C$21.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$20.50.
Check Out Our Latest Research Report on Major Drilling Group International
Major Drilling Group International Trading Down 1.0%
The company has a debt-to-equity ratio of 7.68, a current ratio of 2.71 and a quick ratio of 1.92. The firm has a market capitalization of C$1.27 billion, a PE ratio of 86.17, a P/E/G ratio of 3.45 and a beta of 1.62. The company's fifty day simple moving average is C$16.75 and its 200-day simple moving average is C$14.74.
About Major Drilling Group International
(
Get Free Report)
Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada - the United States.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Major Drilling Group International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Major Drilling Group International wasn't on the list.
While Major Drilling Group International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
