TSE:MDIMajor Drilling Group Int'l Stock Price, Forecast & News

C$3.60

+0.05 (+1.41 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

C$3.54

Now: C$3.60▼

C$3.68

50-Day Range

C$3.32

MA: C$3.68▼

C$4.11

52-Week Range

C$2.26

Now: C$3.60▼

C$6.78

Volume100,250 shs

Average Volume148,504 shs

Market CapitalizationC$290.28 million

P/E RatioN/A

Dividend YieldN/A

BetaN/A

Major Drilling Group International Inc. primarily provides contract drilling services for mining and mineral exploration companies. It 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 various mine services. As of June 7, 2018, the company had a fleet of approximately 628 drilling rigs. It primarily has operations in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. The company was founded in 1980 and is headquartered in Moncton, Canada.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Major Drilling Group Int'l has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$6.00, Major Drilling Group Int'l has a potential upside of 66.7% from its current price of C$3.60.
Amount of Analyst Coverage
Major Drilling Group Int'l has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Major Drilling Group Int'l has received 202 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Major Drilling Group Int'l has received 213 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Major Drilling Group Int'l has received 51.33% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Major Drilling Group Int'l and other stocks. Vote “Outperform” if you believe MDI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MDI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Major Drilling Group Int'l does not currently pay a dividend.
Dividend Growth
Major Drilling Group Int'l does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Major Drilling Group Int'l insiders have not sold or bought any company stock.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Major Drilling Group Int'l are expected to decrease by -100.00% in the coming year, from C$0.27 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Major Drilling Group Int'l is -65.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Major Drilling Group Int'l is -65.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Major Drilling Group Int'l has a PEG Ratio of 14.79. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Major Drilling Group Int'l has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.31 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Industrial Metals & Minerals

Sub-IndustryN/A

SectorBasic Materials

Current SymbolTSE:MDI

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.majordrilling.com

Phone+1-506-8578636

Debt

Debt-to-Equity Ratio6.17

Current Ratio3.43

Quick Ratio1.68

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio13.33

P/E Growth14.79

Sales & Book Value

Annual SalesC$420.76 million

Price / Sales0.69

Cash FlowC$0.34 per share

Price / Cash Flow10.60

Book ValueC$4.47 per share

Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Employees2,641

Outstanding Shares80,634,000

Market CapC$290.28 million

Next Earnings Date6/4/2020 (Confirmed)

OptionableNot Optionable

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Major Drilling Group Int'l (TSE:MDI) Frequently Asked Questions

How has Major Drilling Group Int'l's stock been impacted by COVID-19 (Coronavirus)?

Major Drilling Group Int'l's stock was trading at C$3.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MDI shares have decreased by 2.2% and is now trading at C$3.60. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Major Drilling Group Int'l?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group Int'l in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Major Drilling Group Int'l.

When is Major Drilling Group Int'l's next earnings date?

Major Drilling Group Int'l is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Major Drilling Group Int'l.

How were Major Drilling Group Int'l's earnings last quarter?

Major Drilling Group Int'l Inc. (TSE:MDI) issued its earnings results on Thursday, June, 8th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business earned $81.47 million during the quarter, compared to analysts' expectations of $94.30 million. View Major Drilling Group Int'l's earnings history.

What price target have analysts set for MDI?

2 analysts have issued twelve-month target prices for Major Drilling Group Int'l's stock. Their forecasts range from C$6.00 to C$6.00. On average, they anticipate Major Drilling Group Int'l's stock price to reach C$6.00 in the next twelve months. This suggests a possible upside of 66.7% from the stock's current price. View analysts' price targets for Major Drilling Group Int'l.

Has Major Drilling Group Int'l been receiving favorable news coverage?

Media coverage about MDI stock has trended very negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Major Drilling Group Int'l earned a news sentiment score of -3.2 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutMajor Drilling Group Int'l.

Who are some of Major Drilling Group Int'l's key competitors?

Some companies that are related to Major Drilling Group Int'l include SilverCrest Metals (SILV), Cape Lambert Resources (CFE), Osisko Mining (OSK), Hochschild Mining (HOC), Champion Iron (CIA), SRC Energy (SRCI), Champion Iron (CIA), Wallbridge Mining (WM), Maverix Metals (MMX), K92 Mining (KNT), Kidman Resources (KDR), Leagold Mining (LMC), Mount Gibson Iron (MGX), Interfor (IFP) and Civitas Social Housing (CSH). View all competitors.

What other stocks do shareholders of Major Drilling Group Int'l own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Major Drilling Group Int'l investors own include Cardinal Energy (CJ), Invesco (IVZ), BCE (BCE), Check Point Software Technologies (CHKP), Dundee Energy (DEN), Superior Drilling Products (SDPI), Enbridge (ENB), Hudbay Minerals (HBM), Hecla Mining (HL) and Air Canada (AC).

Who are Major Drilling Group Int'l's key executives?

Major Drilling Group Int'l's management team includes the following people:

Mr. Denis Larocque, Pres, CEO & Non-Independent Director (Age 49)
Mr. Kelly Johnson, Sr. VP of Operations for North America & Africa
Mr. David D. Balser, Chief Financial Officer
Mr. Ian Ross, Chief Financial Officer
Mr. Marc Landry, VP Technology & Logistics

What is Major Drilling Group Int'l's stock symbol?

Major Drilling Group Int'l trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MDI."

How do I buy shares of Major Drilling Group Int'l?

Shares of MDI and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Major Drilling Group Int'l's stock price today?

One share of MDI stock can currently be purchased for approximately C$3.60.

How big of a company is Major Drilling Group Int'l?

Major Drilling Group Int'l has a market capitalization of C$290.28 million and generates C$420.76 million in revenue each year. Major Drilling Group Int'l employs 2,641 workers across the globe.

What is Major Drilling Group Int'l's official website?

The official website for Major Drilling Group Int'l is www.majordrilling.com.

How can I contact Major Drilling Group Int'l?

Major Drilling Group Int'l's mailing address is 111 St George St Suite 100, MONCTON, NB E1C 1T7, Canada. The company can be reached via phone at +1-506-8578636.

This page was last updated on 6/4/2020 by MarketBeat.com Staff