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

Company Overview

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.

Key Stats

• Today's Range: C$8.58 to C$8.73
• 50-Day Range: C$7.82 to C$9.08
• 52-Week Range: C$6.98 to C$10.39
• Volume: 21,702 shs
• Average Volume: 115,726 shs
• Market Capitalization: C$707.92 million
• P/E Ratio: 15.18
• Dividend Yield: 0.46%
• Price Target: C$13.00
• Consensus Rating: Buy

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 at the beginning of 2024. Since then, MDI shares have decreased by 6.2% and is now trading at C$8.64.
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) posted its quarterly earnings data on Wednesday, September, 4th. The company reported $0.19 EPS for the quarter. The company earned $190.04 million during the quarter. Major Drilling Group International had a trailing twelve-month return on equity of 9.65% and a net margin of 6.76%.

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.
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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: 9/04/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 12/05/2024

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$13.00
• High Stock Price Target: C$13.00
• Low Stock Price Target: C$13.00
• Potential Upside/Downside: +50.5%
• 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: 15.16
• Forward P/E Ratio: 15.01
• 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: 1.01
• Cash Flow: C$1.04 per share
• Price / Cash Flow: 8.33
• Book Value: C$6.27 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 81,840,000
• Free Float: N/A
• Market Cap: C$707.10 million
• Optionable: Not Optionable
• Beta: 1.65