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TSE:MDI

Major Drilling Group International (MDI) Stock Price, News & Analysis

C$7.68
-0.21 (-2.66%)
(As of 02:31 PM ET)
Today's Range
C$7.61
C$7.93
50-Day Range
C$7.87
C$9.34
52-Week Range
C$6.81
C$11.45
Volume
175,726 shs
Average Volume
189,702 shs
Market Capitalization
C$630.45 million
P/E Ratio
8.83
Dividend Yield
0.52%
Price Target
C$14.00

Major Drilling Group International MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
81.8% Upside
C$14.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Major Drilling Group International in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$9,200 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.86 out of 5 stars


MDI stock logo

About Major Drilling Group International Stock (TSE:MDI)

Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services. The company was founded in 1980 and is headquartered in Moncton, Canada with additional offices in the United States, Mexico, South America, Asia, Africa, and Australia.

MDI Stock Price History

MDI Stock News Headlines

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Major Drilling (MDI) Earnings Dates & Reports
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Fed Minutes on Next Week’s Calendar
3MJ.F - Major Drilling Group International Inc.
Closing Bell: Major Drilling Grp up on Friday (MDI)
Closing Bell: Major Drilling Grp flat on Thursday (MDI)
Closing Bell: Major Drilling Grp down on Wednesday (MDI)
Closing Bell: Major Drilling Grp up on Tuesday (MDI)
Closing Bell: Major Drilling Grp down on Thursday (MDI)
Major Drilling Announces Appointment of Director
See More Headlines
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Company Calendar

Last Earnings
12/07/2023
Today
2/28/2024
Next Earnings (Confirmed)
2/29/2024

Industry, Sector and Symbol

Industry
Other Industrial Metals & Mining
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$14.00
High Stock Price Target
C$14.00
Low Stock Price Target
C$14.00
Potential Upside/Downside
+81.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$72.53 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$740.03 million
Cash Flow
C$0.92 per share
Book Value
C$5.98 per share

Miscellaneous

Free Float
N/A
Market Cap
C$632.09 million
Optionable
Not Optionable
Beta
1.60
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Key Executives

  • Mr. Denis Larocque (Age 54)
    President, CEO & Non-Independent Director
    Comp: $1.32M
  • Mr. Ian Ross
    Chief Financial Officer
  • Mr. Ben Graham
    Vice President of Human Resources & Safety
  • Mr. Marc Landry C.M.A.
    CPA, Vice President Technology & Logistics
  • Mr. Andrew McLaughlin
    VP of Legal Affairs, General Counsel & Secretary
  • Chantal Melanson
    Executive Assistant
  • Barry Zerbin
    Vice President of Canadian Operations
  • Mr. Kevin Bradley Slemko
    Vice President of US Operations














MDI Stock Analysis - Frequently Asked Questions

Should I buy or sell Major Drilling Group International stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MDI shares.
View MDI analyst ratings
or view top-rated stocks.

What is Major Drilling Group International's stock price target for 2024?

1 brokers have issued 12-month price targets for Major Drilling Group International's shares. Their MDI share price targets range from C$14.00 to C$14.00. On average, they anticipate the company's stock price to reach C$14.00 in the next twelve months. This suggests a possible upside of 81.8% from the stock's current price.
View analysts price targets for MDI
or view top-rated stocks among Wall Street analysts.

How have MDI shares performed in 2024?

Major Drilling Group International's stock was trading at C$9.21 on January 1st, 2024. Since then, MDI shares have decreased by 16.4% and is now trading at C$7.70.
View the best growth stocks for 2024 here
.

When is Major Drilling Group International's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our MDI earnings forecast
.

How were Major Drilling Group International's earnings last quarter?

Major Drilling Group International Inc. (TSE:MDI) announced its quarterly earnings results on Thursday, December, 7th. The company reported $0.29 EPS for the quarter. The company earned $206.95 million during the quarter. Major Drilling Group International had a net margin of 9.80% and a trailing twelve-month return on equity of 15.93%.

Is Major Drilling Group International a good dividend stock?

Major Drilling Group International (TSE:MDI) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.63%. The dividend payout ratio is 4.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MDI.

What other stocks do shareholders of Major Drilling Group International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Major Drilling Group International investors own include Cardinal Energy (CJ), Invesco (IVZ), BCE (BCE), Check Point Software Technologies (CHKP), Dundee Energy (DEN), Enbridge (ENB), AltaGas (ALA), Alimentation Couche-Tard (ATD.B) and Chorus Aviation (CHR).

How do I buy shares of Major Drilling Group International?

Shares of MDI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:MDI) was last updated on 2/28/2024 by MarketBeat.com Staff