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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
7 Stocks That Will Drive the Weight Loss Drugs Market
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:MDI

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

C$9.00
+0.15 (+1.69%)
(As of 03/28/2024 ET)
Today's Range
C$8.80
C$9.02
50-Day Range
C$7.62
C$9.00
52-Week Range
C$6.81
C$11.30
Volume
356,188 shs
Average Volume
204,126 shs
Market Capitalization
C$736.11 million
P/E Ratio
11.69
Dividend Yield
0.44%
Price Target
C$14.00

Major Drilling Group International MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
55.6% 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.

2.98 out of 5 stars

MDI stock logo

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

MDI Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Major Drilling (MDI) Earnings Dates & Reports
Fed Minutes on Next Week’s Calendar
3MJ.F - Major Drilling Group International Inc.
Closing Bell: Major Drilling Grp up on Friday (MDI)
Closing Bell: Major Drilling Grp flat on Thursday (MDI)
Closing Bell: Major Drilling Grp down on Wednesday (MDI)
Closing Bell: Major Drilling Grp up on Tuesday (MDI)
Closing Bell: Major Drilling Grp down on Thursday (MDI)
Major Drilling Announces Appointment of Director
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/29/2024
Next Earnings (Estimated)
6/11/2024

Industry, Sector and Symbol

Industry
Other Industrial Metals & Mining
Sub-Industry
N/A
CIK
N/A
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
+55.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
C$63.95 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$723.63 million
Cash Flow
C$1.08 per share
Book Value
C$5.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$736.11 million
Optionable
Not Optionable
Beta
1.62
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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

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 year. 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 research analysts have issued 1 year price objectives for Major Drilling Group International's shares. Their MDI share price targets range from C$14.00 to C$14.00. On average, they anticipate the company's share price to reach C$14.00 in the next year. This suggests a possible upside of 55.6% 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 decreased by 2.3% and is now trading at C$9.00.
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) posted its quarterly earnings data on Thursday, February, 29th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $132.82 million for 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 3/29/2024 by MarketBeat.com Staff

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