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TSE:MDI

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

C$11.22
+0.06 (+0.54%)
(As of 01/30/2023 02:55 PM ET)
Add
Compare
Today's Range
C$10.87
▼
C$11.25
50-Day Range
C$8.30
▼
C$11.58
52-Week Range
C$7.25
▼
C$12.86
Volume
71,885 shs
Average Volume
91,055 shs
Market Capitalization
C$929.76 million
P/E Ratio
13.68
Dividend Yield
N/A
Price Target
C$16.88

Major Drilling Group International MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
50.4% Upside
C$16.88 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$100,800 Sold 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.

1.87 out of 5 stars

See Top Rated MarketRank™ Stocks Here

MDI stock logo

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

December 27, 2022 | msn.com
1 High-Growth Mining Stock Too Cheap to Ignore
December 8, 2022 | finance.yahoo.com
Major Drilling Reports Strong Second Quarter, Net Earnings up 65% as Industry Upcycle Continues
January 30, 2023 | Porter & Company (Ad)
The Next Big Crisis Is Here
You 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.com
Major Drilling Reports Strong Second Quarter, Net Earnings up 65% as Industry Upcycle Continues
November 25, 2022 | finance.yahoo.com
Major Drilling to Release Second Quarter Results for Fiscal 2023
October 12, 2022 | finance.yahoo.com
Why We Like The Returns At Major Drilling Group International (TSE:MDI)
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
January 30, 2023 | Investing Trends (Ad)
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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
See More Headlines
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MDI Company Calendar

Last Earnings
12/08/2022
Today
1/30/2023
Next Earnings (Estimated)
3/02/2023
Get Stock Alerts

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$16.88
High Stock Price Forecast
C$20.50
Low Stock Price Forecast
C$14.50
Forecasted Upside/Downside
+50.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
13.68
Forward P/E Ratio
12.20
P/E Growth
3.45
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
8.19
Current Ratio
2.88
Quick Ratio
1.92

Sales & Book Value

Annual Sales
C$730.28 million
Price / Sales
1.27
Cash Flow
C$1.35 per share
Price / Cash Flow
8.33
Book Value
C$5.06 per share
Price / Book
2.22

Miscellaneous

Outstanding Shares
82,866,000
Free Float
N/A
Market Cap
C$929.76 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Denis Larocque (Age 53)
    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













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