TSE:MDI

Major Drilling Group International Stock Forecast, Price & News

C$8.60

+0.16 (+1.90 %)

(As of 07/30/2021 04:00 PM ET)

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Today's Range

C$8.35

▼

C$8.72

50-Day Range

C$7.91

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C$10.87

52-Week Range

C$5.85

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C$11.34

Volume278,913 shs

Average Volume257,203 shs

Market CapitalizationC$704.98 million

P/E Ratio71.67

Dividend YieldN/A

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Major Drilling Group International

Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Europe. 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 various mine services. As of July 31, 2020, it had 613 drill rigs. The company was founded in 1980 and is headquartered in Moncton, Canada.

Major Drilling Group International (TSE:MDI) Share Price Crosses Above 200 Day Moving Average of $0.00
July 29, 2021 | americanbankingnews.com

Major Drilling Group International Inc. (TSE:MDI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead
July 26, 2021 | finance.yahoo.com

Major Drilling Group International Inc. (TSE:MDI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?
July 26, 2021 | finance.yahoo.com

Major Drilling Group International (TSE:MDI) Shares Pass Above 200-Day Moving Average of $0.00
July 13, 2021 | americanbankingnews.com

Major Drilling to Release Fourth Quarter and Year-End Results for Fiscal 2021
May 27, 2021 | finance.yahoo.com

Got $3,000? 3 Top TSX Stocks to Buy Amid the Market Rally
April 19, 2021 | ca.finance.yahoo.com

Major Drilling Group International Inc. (MJDLF) CEO Denis Larocque on Q3 2021 Results - Earnings Call Transcript
March 6, 2021 | seekingalpha.com

Generator Rental Market Size 2021 CAGR Value, Top Key Players, Market Share, Trends, Applications and Future Prospects and Forecast to 2024
February 19, 2021 | marketwatch.com

Global Underwater Drones Market To Be Driven By Rising Use For Observation, Data Collection, And Intelligence In The Forecast Period Of 2020-2025
February 19, 2021 | marketwatch.com

Drilling & Completion Fluids Services Market to enjoy ‘explosive growth’ to 2026
February 4, 2021 | marketwatch.com

See More Headlines

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
Employees2,500
Year FoundedN/A

Sales & Book Value

Annual SalesC$432.08 million
Price / Sales1.63
Cash FlowC$0.27 per share
Price / Cash Flow31.62
Book ValueC$3.47 per share
Price / Book2.48

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares81,973,904
Market CapC$704.98 million
Next Earnings Date9/14/2021 (Estimated)
OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

1.91 out of 5 stars

3.5 Analyst's Opinion

Consensus Rating
Major Drilling Group International has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$11.75, Major Drilling Group International has a forecasted upside of 36.6% from its current price of C$8.60.
Amount of Analyst Coverage
Major Drilling Group International has only been the subject of 3 research reports in the past 90 days.

4.4 Community Rank

Outperform Votes
Major Drilling Group International has received 213 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Major Drilling Group International has received 109 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Major Drilling Group International has received 66.15% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Major Drilling Group International 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 International does not currently pay a dividend.
Dividend Growth
Major Drilling Group International does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Major Drilling Group International insiders have bought 12.57% more of their company's stock than they have sold. Specifically, they have bought C$9,872.00 in company stock and sold C$8,770.00 in company stock.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Major Drilling Group International is 71.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 20.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Major Drilling Group International is 71.67, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.01.
Price to Earnings Growth Ratio
Major Drilling Group International has a PEG Ratio of 6.80. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Major Drilling Group International has a P/B Ratio of 2.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Major Drilling Group International (TSE:MDI) Frequently Asked Questions

Is Major Drilling Group International a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Major Drilling Group International stock.
View analyst ratings for Major Drilling Group International or view top-rated stocks.

What stocks does MarketBeat like better than Major Drilling Group International?

Wall Street analysts have given Major Drilling Group International a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Major Drilling Group International wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

Major Drilling Group International is scheduled to release its next quarterly earnings announcement on Tuesday, September 14th 2021.
View our earnings forecast for Major Drilling Group International.

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

Major Drilling Group International Inc. (TSE:MDI) announced its earnings results on Monday, June, 14th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.12 by $0.09. The firm earned $128.12 million during the quarter, compared to analysts' expectations of $125.75 million.
View Major Drilling Group International's earnings history.

How has Major Drilling Group International's stock price been impacted by Coronavirus?

Major Drilling Group International's stock was trading at C$3.68 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MDI shares have increased by 133.7% and is now trading at C$8.60.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for MDI?

3 analysts have issued 12 month price objectives for Major Drilling Group International's stock. Their forecasts range from C$11.00 to C$13.00. On average, they anticipate Major Drilling Group International's stock price to reach C$11.75 in the next year. This suggests a possible upside of 36.6% from the stock's current price.
View analysts' price targets for Major Drilling Group International or view top-rated stocks among Wall Street analysts.

Who are Major Drilling Group International's key executives?

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

Mr. Denis Larocque, Pres, CEO & Non-Independent Director (Age 51, Pay $472.68k)
Mr. Ian Ross, Chief Financial Officer
Mr. Ben Graham, VP of HR & Safety
Mr. Kelly Johnson, Sr. VP of Operations for North America & Africa
Mr. Marc Landry, VP Technology & Logistics
Mr. Andrew McLaughlin, VP of Legal Affairs, Gen. Counsel & Sec.
Mr. David D. Balser, Sr. Advisor
Mr. Ashley Martin, VP of Operations- South America

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

Some companies that are related to Major Drilling Group International include Superior Plus (SPB), Orocobre (ORL), Lundin Gold (LUG), Parex Resources (PXT), Pretium Resources (PVG), Lithium Americas (LAC), Arizona Mining (AZ), Uranium Participation (U), Interfor (IFP), K92 Mining Inc. (KNT.V) (KNT), Semafo (SMF), SilverCrest Metals (SIL), Nexa Resources (NEXA), Largo Resources (LGO) and SilverCrest Metals (SIL).
View all of MDI's competitors.

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), Superior Drilling Products (SDPI), Enbridge (ENB), AltaGas (ALA), Alimentation Couche-Tard (ATD.B) and Chorus Aviation (CHR).

What is Major Drilling Group International's stock symbol?

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

How do I buy shares of Major Drilling Group International?

Shares of MDI 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.

What is Major Drilling Group International's stock price today?

One share of MDI stock can currently be purchased for approximately C$8.60.

How much money does Major Drilling Group International make?

Major Drilling Group International has a market capitalization of C$704.98 million and generates C$432.08 million in revenue each year.

How many employees does Major Drilling Group International have?

Major Drilling Group International employs 2,500 workers across the globe.

What is Major Drilling Group International's official website?

The official website for Major Drilling Group International is www.majordrilling.com.

Where are Major Drilling Group International's headquarters?

Major Drilling Group International is headquartered at 111 St George St Suite 100, MONCTON, NB E1C 1T7, Canada.

How can I contact Major Drilling Group International?

Major Drilling Group International'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 8/2/2021 by MarketBeat.com Staff

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