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

Company Overview

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada - the United States.

Key Stats

• Today's Range: C$8.22 to C$8.44
• 50-Day Range: C$8.15 to C$9.08
• 52-Week Range: C$6.98 to C$10.39
• Volume: 59,834 shs
• Average Volume: 113,715 shs
• Market Capitalization: C$675.18 million
• P/E Ratio: 14.47
• Dividend Yield: 0.48%
• Price Target: C$13.50
• Consensus Rating: Buy

Major Drilling Group International Stock Analysis - MarketRank™

Major Drilling Group International scored higher than 62% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

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 received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Major Drilling Group International is 14.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Major Drilling Group International is 14.47, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.65.

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 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MDI.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

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 7.02%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MDI.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: N/A

News Sentiment

Major Drilling Group International has a news sentiment score of 1.30. 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 0.49 average news sentiment score of Basic Materials companies.

Search Interest

1 people have searched for MDI on MarketBeat in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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$109,145.00 in company stock.

Percentage Held by Insiders

Only 0.32% of the stock of Major Drilling Group International is held by insiders.

Percentage Held by Institutions

52.17% 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.

MDI Stock Analysis - Frequently Asked Questions

How have MDI shares performed this year?

Major Drilling Group International's stock was trading at C$9.21 on January 1st, 2024. Since then, MDI stock has decreased by 10.4% and is now trading at C$8.25.
View the best growth stocks for 2024 here.

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

Major Drilling Group International Inc. (TSE:MDI) released its 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 company had revenue of $81.47 million for the quarter, compared to analyst estimates of $94.30 million. Major Drilling Group International had a net margin of 6.76% and a trailing twelve-month return on equity of 9.65%.

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 other stocks do shareholders of Major Drilling Group International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Enbridge (ENB).

Company Calendar

• Last Earnings: 6/08/2017
• Today: 12/22/2024

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$13.50
• High Stock Price Target: C$14.00
• Low Stock Price Target: C$13.00
• Potential Upside/Downside: +63.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.57
• Trailing P/E Ratio: 14.47
• Forward P/E Ratio: 14.33
• P/E Growth: 3.45
• Net Income: C$47.18 million
• Net Margins: 6.76%
• Pretax Margin: N/A
• Return on Equity: 9.65%
• Return on Assets: 6.57%

Debt

• Debt-to-Equity Ratio: 1.29
• Current Ratio: 3.35
• Quick Ratio: 1.92

Sales & Book Value

• Annual Sales: C$697.85 million
• Price / Sales: 0.97
• Cash Flow: C$0.99 per share
• Price / Cash Flow: 8.33
• Book Value: C$6.27 per share
• Price / Book: 1.32

Miscellaneous

• Outstanding Shares: 81,840,000
• Free Float: N/A
• Market Cap: C$675.18 million
• Optionable: Not Optionable
• Beta: 1.65