TSE:MDI

Major Drilling Group International - MDI Stock Forecast, Price & News

C$8.32

+0.25 (+3.10%)

(As of 09/30/2022 11:42 AM ET)

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Today's Range: C$8.01
▼
C$8.38
50-Day Range: C$7.34
▼
C$9.80
52-Week Range: C$7.25
▼
C$12.86

Volume: 27,173 shs
Average Volume: 161,920 shs
Market Capitalization: C$689.29 million

P/E Ratio: 10.81
Dividend Yield: N/A
Price Target: C$16.10

Major Drilling Group International MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 93.5% Upside
C$16.10 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
C$92,389 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Major Drilling Group International has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$16.10, Major Drilling Group International has a forecasted upside of 93.5% from its current price of C$8.32.
Amount of Analyst Coverage
Major Drilling Group International has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MDI.

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.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MDI.

2.6

News and Social Media Coverage

News Sentiment
Major Drilling Group International has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.29 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Major Drilling Group International this week, compared to 0 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Major Drilling Group International insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$92,389.00 in company stock and sold C$0.00 in company stock.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Major Drilling Group International is 10.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Major Drilling Group International is 10.81, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 74.42.
Price to Earnings Growth Ratio
Major Drilling Group International has a PEG Ratio of 2.90. 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 1.81. 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

About Major Drilling Group International (TSE:MDI) Stock

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 based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia.

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MDI Stock News Headlines

September 26, 2022 | americanbankingnews.com

Major Drilling Group International (TSE:MDI) Sets New 1-Year Low at $7.50

September 24, 2022 | americanbankingnews.com

Major Drilling Group International Inc. (TSE:MDI) Senior Officer Denis Joseph Larocque Buys 2,000 Shares of Stock

August 10, 2022 | msn.com

Master Drilling forecasts robust interim earnings growth

July 22, 2022 | finance.yahoo.com

Trade Alert: The Senior Vice President of Operations North America & Africa Of Major Drilling Group International Inc. (TSE:MDI), Kelly Johnson, Has Just Spent CA$79k Buying 63% More Shares

July 15, 2022 | finance.yahoo.com

Major Drilling Group International Inc. (TSE:MDI) Shares Slammed 28% But Getting In Cheap Might Be Difficult Regardless

July 9, 2022 | finance.yahoo.com

With EPS Growth And More, Major Drilling Group International (TSE:MDI) Makes An Interesting Case

June 27, 2022 | finance.yahoo.com

Major Drilling announces Kim Keating to become Board Chair; David Tennant to Retire from the Board at the 2022 AGM

June 7, 2022 | finance.yahoo.com

Major Drilling Announces Q4 EBITDA up 240% with Strong Revenue Growth

May 25, 2022 | au.finance.yahoo.com

SwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast Asia

May 19, 2022 | finance.yahoo.com

Superior Drilling Products, Inc. Regains Compliance with NYSE American Continued Listing Standards

May 5, 2022 | finance.yahoo.com

The Return Trends At Major Drilling Group International (TSE:MDI) Look Promising

February 24, 2022 | finance.yahoo.com

Major Drilling Group International (TSE:MDI) shareholders have earned a 25% CAGR over the last three years

January 10, 2022 | finance.yahoo.com

Major Drilling Group International Inc.'s (TSE:MDI) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

November 26, 2021 | finance.yahoo.com

There's Been No Shortage Of Growth Recently For Major Drilling Group International's (TSE:MDI) Returns On Capital

August 20, 2021 | ca.finance.yahoo.com

Stocks in play: Major Drilling Group International Inc.

August 19, 2021 | finance.yahoo.com

Major Drilling to Release First Quarter Results for Fiscal 2022

August 5, 2021 | ca.finance.yahoo.com

Major Drilling Group International Inc. (MDI.TO)

August 3, 2021 | theglobeandmail.com

Tuesday’s TSX breakouts: After a sharp sell-off, analysts forecast a 42% rebound for this commodity play

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 Inc. (TSE:MDI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?

May 27, 2021 | finance.yahoo.com

Major Drilling to Release Fourth Quarter and Year-End Results for Fiscal 2021

April 19, 2021 | ca.finance.yahoo.com

Got $3,000? 3 Top TSX Stocks to Buy Amid the Market Rally

March 6, 2021 | seekingalpha.com

Major Drilling Group International Inc. (MJDLF) CEO Denis Larocque on Q3 2021 Results - Earnings Call Transcript

February 19, 2021 | marketwatch.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

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30 days | 90 days | 365 days | Advanced Chart

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MDI Company Calendar

Last Earnings: 6/08/2017
Today: 9/30/2022
Next Earnings (Estimated): 12/01/2022

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Industrial Metals & Minerals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:MDI
CUSIP: N/A
CIK: N/A
Web: www.majordrilling.com
Phone: +1-506-8578636
Fax: N/A
Employees: 2,500
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$16.10
High Stock Price Forecast: C$20.50
Low Stock Price Forecast: C$13.00
Forecasted Upside/Downside: +93.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 10.81
Forward P/E Ratio: 9.24
P/E Growth: 2.9
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 9.12
Current Ratio: 2.84
Quick Ratio: 1.85

Sales & Book Value

Annual Sales: C$699.25 million
Price / Sales: 0.99
Cash Flow: C$0.84 per share
Price / Cash Flow: 9.95
Book Value: C$4.59 per share
Price / Book: 1.81

Miscellaneous

Outstanding Shares: 82,847,000
Free Float: N/A
Market Cap: C$689.29 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Denis Larocque (Age 52)
Pres, CEO & Non-Independent Director
Comp: $624.1k

Mr. Ian Ross
Chief Financial Officer

Mr. Ben Graham
VP of HR & Safety

Mr. Marc Landry
VP Technology & Logistics

Mr. Andrew McLaughlin
VP of Legal Affairs, Gen. Counsel & Sec.

Mr. David D. Balser
Sr. Advisor

Chantal Melanson
Exec. Assistant

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MDI Stock - Frequently Asked Questions

Should I buy or sell Major Drilling Group International stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last year. There are currently 1 hold rating and 2 buy ratings 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 forecast for 2022?: 3 brokers have issued 12 month target prices for Major Drilling Group International's shares. Their MDI share price forecasts range from C$13.00 to C$20.50. On average, they anticipate the company's stock price to reach C$16.10 in the next year. This suggests a possible upside of 99.5% 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 2022?: Major Drilling Group International's stock was trading at C$8.26 at the beginning of the year. Since then, MDI shares have decreased by 2.3% and is now trading at C$8.07.
View the best growth stocks for 2022 here.
When is Major Drilling Group International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, December 1st 2022.
View our MDI earnings forecast.
How were Major Drilling Group International's earnings last quarter?: Major Drilling Group International Inc. (TSE:MDI) posted its quarterly earnings results on Thursday, June, 8th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business earned $81.47 million during the quarter, compared to the consensus estimate of $94.30 million.

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 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.
What is Major Drilling Group International's stock price today?: One share of MDI stock can currently be purchased for approximately C$8.07.
How much money does Major Drilling Group International make?: Major Drilling Group International (TSE:MDI) has a market capitalization of C$668.58 million and generates C$699.25 million in revenue each year.
How many employees does Major Drilling Group International have?: The company employs 2,500 workers across the globe.
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 official website for the company is www.majordrilling.com. The company can be reached via phone at +1-506-8578636.

This page (TSE:MDI) was last updated on 9/30/2022 by MarketBeat.com Staff

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Major Drilling Group International - MDI Stock Forecast, Price & News

Major Drilling Group International MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Major Drilling Group International (TSE:MDI) Stock

MDI Stock News Headlines

MDI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MDI Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™