TSE:MDI Major Drilling Group International - MDI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Major Drilling Group International Inc. Please log in to your account or sign up in order to add this asset to your watchlist. C$11.22 +0.06 (+0.54%) (As of 01/30/2023 02:55 PM ET) Add Compare Share Share Today's RangeC$10.87▼C$11.2550-Day RangeC$8.30▼C$11.5852-Week RangeC$7.25▼C$12.86Volume71,885 shsAverage Volume91,055 shsMarket CapitalizationC$929.76 millionP/E Ratio13.68Dividend YieldN/APrice TargetC$16.88 ProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesSocial Media Major Drilling Group International MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside50.4% UpsideC$16.88 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling SharesC$100,800 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.87 out of 5 stars 3.5 Analyst's Opinion Consensus RatingMajor Drilling Group International 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/DownsideAccording to analysts' consensus price target of C$16.88, Major Drilling Group International has a forecasted upside of 50.4% from its current price of C$11.22.Amount of Analyst CoverageMajor Drilling Group International has received no research coverage in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MDI. Previous Next 0.0 Dividend Strength Dividend YieldMajor Drilling Group International does not currently pay a dividend.Dividend GrowthMajor Drilling Group International does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MDI. Previous Next 1.1 News and Social Media Coverage Search Interest1 people have searched for MDI on MarketBeat in the last 30 days. MarketBeat Follows1 people have added Major Drilling Group International to their MarketBeat watchlist in the last 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Major Drilling Group International insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$100,800.00 in company stock. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Major Drilling Group International is 13.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.09.Price to Earnings Ratio vs. SectorThe P/E ratio of Major Drilling Group International is 13.68, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.67.Price to Earnings Growth RatioMajor Drilling Group International has a PEG Ratio of 3.45. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioMajor Drilling Group International has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Major Drilling Group International (TSE:MDI) StockMajor 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.Read More Receive MDI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Major Drilling Group International and its competitors with MarketBeat's FREE daily newsletter. Email Address MDI Stock News HeadlinesDecember 27, 2022 | msn.com1 High-Growth Mining Stock Too Cheap to IgnoreDecember 8, 2022 | finance.yahoo.comMajor Drilling Reports Strong Second Quarter, Net Earnings up 65% as Industry Upcycle ContinuesJanuary 30, 2023 | Porter & Company (Ad)The Next Big Crisis Is HereYou just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.December 8, 2022 | finance.yahoo.comMajor Drilling Reports Strong Second Quarter, Net Earnings up 65% as Industry Upcycle ContinuesNovember 25, 2022 | finance.yahoo.comMajor Drilling to Release Second Quarter Results for Fiscal 2023October 12, 2022 | finance.yahoo.comWhy We Like The Returns At Major Drilling Group International (TSE:MDI)August 10, 2022 | msn.comMaster Drilling forecasts robust interim earnings growthJuly 22, 2022 | finance.yahoo.comTrade 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 SharesJanuary 30, 2023 | Investing Trends (Ad)"We need batteries. Literally everywhere."Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense." July 15, 2022 | finance.yahoo.comMajor Drilling Group International Inc. (TSE:MDI) Shares Slammed 28% But Getting In Cheap Might Be Difficult RegardlessJuly 9, 2022 | finance.yahoo.comWith EPS Growth And More, Major Drilling Group International (TSE:MDI) Makes An Interesting CaseJune 27, 2022 | finance.yahoo.comMajor Drilling announces Kim Keating to become Board Chair; David Tennant to Retire from the Board at the 2022 AGMJune 7, 2022 | finance.yahoo.comMajor Drilling Announces Q4 EBITDA up 240% with Strong Revenue GrowthMay 25, 2022 | au.finance.yahoo.comSwipeRx lands $27M from MDI and Gates Foundation to digitize the pharma industry in Southeast AsiaMay 19, 2022 | finance.yahoo.comSuperior Drilling Products, Inc. Regains Compliance with NYSE American Continued Listing StandardsMay 5, 2022 | finance.yahoo.comThe Return Trends At Major Drilling Group International (TSE:MDI) Look PromisingFebruary 24, 2022 | finance.yahoo.comMajor Drilling Group International (TSE:MDI) shareholders have earned a 25% CAGR over the last three yearsJanuary 10, 2022 | finance.yahoo.comMajor 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.comThere's Been No Shortage Of Growth Recently For Major Drilling Group International's (TSE:MDI) Returns On CapitalAugust 20, 2021 | ca.finance.yahoo.comStocks in play: Major Drilling Group International Inc.August 19, 2021 | finance.yahoo.comMajor Drilling to Release First Quarter Results for Fiscal 2022August 5, 2021 | ca.finance.yahoo.comMajor Drilling Group International Inc. (MDI.TO)August 3, 2021 | theglobeandmail.comTuesday’s TSX breakouts: After a sharp sell-off, analysts forecast a 42% rebound for this commodity playJuly 26, 2021 | finance.yahoo.comMajor Drilling Group International Inc. (TSE:MDI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies AheadJuly 26, 2021 | finance.yahoo.comMajor Drilling Group International Inc. (TSE:MDI) Stock Is Going Strong But Fundamentals Look Uncertain: What Lies Ahead ?May 27, 2021 | finance.yahoo.comMajor Drilling to Release Fourth Quarter and Year-End Results for Fiscal 2021April 19, 2021 | ca.finance.yahoo.comGot $3,000? 3 Top TSX Stocks to Buy Amid the Market RallySee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MDI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Major Drilling Group International and its competitors with MarketBeat's FREE daily newsletter. Email Address MDI Company Calendar Last Earnings12/08/2022Today1/30/2023Next Earnings (Estimated)3/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Industrial Metals & Minerals Sub-IndustryN/A SectorBasic Materials Current SymbolTSE:MDI CUSIPN/A CIKN/A Webwww.majordrilling.com Phone+1-506-8578636FaxN/AEmployees2,500Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$16.88 High Stock Price ForecastC$20.50 Low Stock Price ForecastC$14.50 Forecasted Upside/Downside+50.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E Ratio13.68 Forward P/E Ratio12.20 P/E Growth3.45Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio8.19 Current Ratio2.88 Quick Ratio1.92 Sales & Book Value Annual SalesC$730.28 million Price / Sales1.27 Cash FlowC$1.35 per share Price / Cash Flow8.33 Book ValueC$5.06 per share Price / Book2.22Miscellaneous Outstanding Shares82,866,000Free FloatN/AMarket CapC$929.76 million OptionableNot Optionable BetaN/A Key ExecutivesMr. Denis Larocque (Age 53)Pres, CEO & Non-Independent Director Comp: $624.1kMr. Ian RossChief Financial OfficerMr. Ben GrahamVP of HR & SafetyMr. Marc LandryVP Technology & LogisticsMr. Andrew McLaughlinVP of Legal Affairs, Gen. Counsel & Sec.Mr. David D. BalserSr. AdvisorChantal MelansonExec. AssistantMore ExecutivesKey CompetitorsNeo LithiumCVE:NLCMaverix MetalsTSE:MMXStandard LithiumCVE:SLLAmerican LithiumCVE:LIFilo MiningCVE:FILView All CompetitorsInsiders & InstitutionsJames Andrew MclaughlinSold 9,000 sharesTotal: C$100,800.00 ($11.20/share)Denis Joseph LarocqueBought 2,000 shares on 9/23/2022Total: C$15,400.00 ($7.70/share)Ashley Sedrick MartinBought 485 shares on 9/9/2022Total: C$4,292.25 ($8.85/share)David Buchanan TennantBought 2,000 shares on 7/15/2022Total: C$15,820.00 ($7.91/share)Ashley Sedrick MartinBought 300 shares on 7/15/2022Total: C$2,403.00 ($8.01/share)View All Insider Transactions MDI Stock - Frequently Asked Questions Should I buy or sell Major Drilling Group International stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last twelve months. There are currently 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 2023? 2 brokerages have issued twelve-month price targets for Major Drilling Group International's stock. Their MDI share price forecasts range from C$14.50 to C$20.50. On average, they predict the company's share price to reach C$16.88 in the next twelve months. This suggests a possible upside of 51.2% 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 2023? Major Drilling Group International's stock was trading at C$10.52 on January 1st, 2023. Since then, MDI shares have increased by 6.1% and is now trading at C$11.16. View the best growth stocks for 2023 here. When is Major Drilling Group International's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023. View our MDI earnings forecast. How were Major Drilling Group International's earnings last quarter? Major Drilling Group International Inc. (TSE:MDI) released its quarterly earnings data on Thursday, December, 8th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $201.72 million for the quarter. 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$11.16. How much money does Major Drilling Group International make? Major Drilling Group International (TSE:MDI) has a market capitalization of C$924.78 million and generates C$730.28 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 1/30/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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