Should I buy or sell Major Drilling Group International stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?

1 Wall Street analysts have issued 1 year target prices for Major Drilling Group International's stock. Their MDI share price targets range from C$14.00 to C$14.00. On average, they anticipate the company's stock price to reach C$14.00 in the next year. This suggests a possible upside of 41.8% 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 2024?

Major Drilling Group International's stock was trading at C$9.21 on January 1st, 2024. Since then, MDI shares have increased by 7.2% and is now trading at C$9.87. View the best growth stocks for 2024 here .

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 11th 2024. View our MDI earnings forecast .

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

Major Drilling Group International Inc. (TSE:MDI) issued its quarterly earnings results on Thursday, February, 29th. The company reported ($0.03) earnings per share for the quarter. The business earned $132.82 million during the quarter. Major Drilling Group International had a net margin of 8.84% and a trailing twelve-month return on equity of 14.08%.

Is Major Drilling Group International a good dividend stock?

Major Drilling Group International (TSE:MDI) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.63%. The dividend payout ratio is 5.19%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MDI .

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

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 .

TSE:MDI

Major Drilling Group International (MDI) Stock Price, News & Analysis

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Free MDI Stock Alerts

C$9.87

+0.19 (+1.96%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$9.69
▼
C$9.91
50-Day Range: C$7.62
▼
C$9.87
52-Week Range: C$6.81
▼
C$10.96

Volume: 120,232 shs
Average Volume: 187,315 shs
Market Capitalization: C$807.27 million

P/E Ratio: 12.82
Dividend Yield: 0.41%
Price Target: C$14.00

Stock Analysis Analyst Forecasts Chart Competitors Earnings Headlines Insider Trades

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Major Drilling Group International MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 41.8% Upside
C$14.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.57 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 1 buy rating, no hold ratings, and no sell ratings.
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.

0.8

Dividend Strength

Dividend Yield
Major Drilling Group International has a dividend yield of 0.63%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Major Drilling Group International does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Major Drilling Group International is 5.19%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

3.1

News and Social Media Coverage

News Sentiment
Major Drilling Group International has a news sentiment score of 0.59. 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 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Major Drilling Group International this week, compared to 0 articles on an average week.
Search Interest
2 people have searched for MDI on MarketBeat in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Major Drilling Group International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.31% of the stock of Major Drilling Group International is held by insiders.
Percentage Held by Institutions
55.97% of the stock of Major Drilling Group International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Major Drilling Group International is 12.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Major Drilling Group International is 12.82, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 132.88.
Price to Earnings Growth Ratio
Major 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 Ratio
Major Drilling Group International has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Major Drilling Group International Stock (TSE:MDI)

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 headquartered in Moncton, Canada with additional offices in the United States, Mexico, South America, Asia, Africa, and Australia.

MDI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MDI Stock News Headlines

April 18, 2024 | americanbankingnews.com

Major Drilling Group International (TSE:MDI) Shares Cross Above 200-Day Moving Average of $8.32

April 9, 2024 | americanbankingnews.com

Major Drilling Group International (TSE:MDI) Share Price Passes Above Two Hundred Day Moving Average of $8.26

April 18, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

April 4, 2024 | seekingalpha.com

MDI:CA Major Drilling Group International Inc.

March 26, 2024 | finance.yahoo.com

Major Drilling Group International Inc.'s (TSE:MDI) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?

March 1, 2024 | finanznachrichten.de

Major Drilling Group International Inc.: Major Drilling Announces Third Quarter Results, Strong Cash Generation Continues

February 26, 2024 | finance.yahoo.com

Major Drilling Group International Inc. (TSE:MDI) is favoured by institutional owners who hold 51% of the company

February 15, 2024 | finance.yahoo.com

Major Drilling to Release Third Quarter Results for Fiscal 2024

April 18, 2024 | Darwin (Ad)

Your Next Portfolio Star: Revealing 2024's Top Stock Pick

February 6, 2024 | msn.com

Bear of the Day: Precision Drilling Corp. (PDS)

January 24, 2024 | finance.yahoo.com

Chuck Royce Acquires New Stake in Major Drilling Group International Inc

January 5, 2024 | investing.com

Major Drilling (MDI) Earnings Dates & Reports

December 7, 2023 | markets.businessinsider.com

Major Drilling Achieves Highest Revenue in More Than Ten Years; Strong Cash Generation Drives Share Repurchases

December 7, 2023 | finance.yahoo.com

Major Drilling Achieves Highest Revenue in More Than Ten Years; Strong Cash Generation Drives Share Repurchases

September 5, 2023 | finance.yahoo.com

Major Drilling Reports First Quarter Results, Robust Cash Position Drives Share Repurchases and Long-Term Debt Reduction to Zero

July 19, 2023 | finance.yahoo.com

Major Drilling Group International's (TSE:MDI) investors will be pleased with their favorable 66% return over the last three years

June 14, 2023 | finanznachrichten.de

Major Drilling Group International Inc.: Major Drilling Announces Fourth Quarter and Fiscal Year 2023 Results, Annual Net Earnings up 40%

June 9, 2023 | theglobeandmail.com

Fed Minutes on Next Week’s Calendar

May 30, 2023 | finance.yahoo.com

3MJ.F - Major Drilling Group International Inc.

May 30, 2023 | finance.yahoo.com

Major Drilling to Release Fourth Quarter and Fiscal 2023 Results

May 8, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp down on Monday (MDI)

May 5, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp up on Friday (MDI)

April 28, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp flat on Thursday (MDI)

April 19, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp down on Wednesday (MDI)

April 19, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp up on Tuesday (MDI)

April 14, 2023 | theglobeandmail.com

Closing Bell: Major Drilling Grp down on Thursday (MDI)

April 11, 2023 | finance.yahoo.com

Institutions own 40% of Major Drilling Group International Inc. (TSE:MDI) shares but retail investors control 49% of the company

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 6/11/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Sub-Industry: N/A
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 Target: C$14.00
High Stock Price Target: C$14.00
Low Stock Price Target: C$14.00
Potential Upside/Downside: +41.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.77
Trailing P/E Ratio: 12.83
Forward P/E Ratio: 12.58
P/E Growth: 3.45
Net Income: C$63.95 million
Net Margins: 8.84%
Pretax Margin: N/A
Return on Equity: 14.08%
Return on Assets: 9.50%

Debt

Debt-to-Equity Ratio: 1.05
Current Ratio: 3.75
Quick Ratio: 1.92

Sales & Book Value

Annual Sales: C$723.63 million
Price / Sales: 1.12
Cash Flow: C$1.19 per share
Price / Cash Flow: 8.33
Book Value: C$6.18 per share
Price / Book: 1.60

Miscellaneous

Outstanding Shares: 81,790,000
Free Float: N/A
Market Cap: C$808.09 million
Optionable: Not Optionable
Beta: 1.66

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Key Executives

Mr. Denis Larocque (Age 54)
President, CEO & Non-Independent Director
Comp: $1.32M
Mr. Ian Ross
Chief Financial Officer
Mr. Ben Graham
Vice President of Human Resources & Safety
Mr. Marc Landry C.M.A.
CPA, Vice President Technology & Logistics
Mr. Andrew McLaughlin
VP of Legal Affairs, General Counsel & Secretary
Chantal Melanson
Executive Assistant
Barry Zerbin
Vice President of Canadian Operations
Mr. Kevin Bradley Slemko
Vice President of US Operations

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

MDI Stock Analysis - Frequently Asked Questions

Should I buy or sell Major Drilling Group International stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Major Drilling Group International in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?: 1 Wall Street analysts have issued 1 year target prices for Major Drilling Group International's stock. Their MDI share price targets range from C$14.00 to C$14.00. On average, they anticipate the company's stock price to reach C$14.00 in the next year. This suggests a possible upside of 41.8% 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 2024?: Major Drilling Group International's stock was trading at C$9.21 on January 1st, 2024. Since then, MDI shares have increased by 7.2% and is now trading at C$9.87.
View the best growth stocks for 2024 here.
When is Major Drilling Group International's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 11th 2024.
View our MDI earnings forecast.

How were Major Drilling Group International's earnings last quarter?: Major Drilling Group International Inc. (TSE:MDI) issued its quarterly earnings results on Thursday, February, 29th. The company reported ($0.03) earnings per share for the quarter. The business earned $132.82 million during the quarter. Major Drilling Group International had a net margin of 8.84% and a trailing twelve-month return on equity of 14.08%.
Is Major Drilling Group International a good dividend stock?: Major Drilling Group International (TSE:MDI) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 0.63%. The dividend payout ratio is 5.19%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MDI.
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), Enbridge (ENB), AltaGas (ALA), Alimentation Couche-Tard (ATD.B) and Chorus Aviation (CHR).
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.

This page (TSE:MDI) was last updated on 4/18/2024 by MarketBeat.com Staff

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Major Drilling Group International (MDI) Stock Price, News & Analysis

Major Drilling Group International MarketRank™ Stock Analysis

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

Search Interest

Company Ownership

Earnings and Valuation

About Major Drilling Group International Stock (TSE:MDI)

MDI Stock Price History

MDI Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MDI Stock Analysis - Frequently Asked Questions

Overall MarketRank^™