TSE:MDI Major Drilling Group International (MDI) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free MDI Stock Alerts C$9.00 +0.15 (+1.69%) (As of 03/28/2024 ET) Add Compare Share Share Today's RangeC$8.80▼C$9.0250-Day RangeC$7.62▼C$9.0052-Week RangeC$6.81▼C$11.30Volume356,188 shsAverage Volume204,126 shsMarket CapitalizationC$736.11 millionP/E Ratio11.69Dividend Yield0.44%Price TargetC$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsEarningsHeadlinesInsider Trades Get Major Drilling Group International alerts: Email Address Major Drilling Group International MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside55.6% UpsideC$14.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 3.5 Analyst's Opinion Consensus RatingMajor 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.Price Target Upside/DownsideAccording to analysts' consensus price target of C$14.00, Major Drilling Group International has a forecasted upside of 55.6% from its current price of C$9.00.Amount of Analyst CoverageMajor Drilling Group International has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MDI. Previous Next 0.8 Dividend Strength Dividend YieldMajor Drilling Group International has a dividend yield of 0.63%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthMajor Drilling Group International does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Major Drilling Group International is 5.19%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MDI. Previous Next 3.9 News and Social Media Coverage News SentimentMajor Drilling Group International has a news sentiment score of 1.00. 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 0.35 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 1 news article for Major Drilling Group International this week, compared to 0 articles on an average week.Search Interest1 people have searched for MDI on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Major Drilling Group International to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Major Drilling Group International insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.31% of the stock of Major Drilling Group International is held by insiders.Percentage Held by Institutions55.31% 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. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Major Drilling Group International is 11.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Major Drilling Group International is 11.69, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.40.Price to Earnings Growth RatioMajor 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 RatioMajor Drilling Group International has a P/B Ratio of 1.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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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.Read More MDI Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MDI Stock News HeadlinesMarch 26, 2024 | finance.yahoo.comMajor Drilling Group International Inc.'s (TSE:MDI) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?March 22, 2024 | americanbankingnews.comMajor Drilling Group International (TSE:MDI) Stock Price Crosses Above Two Hundred Day Moving Average of $8.22March 29, 2024 | Crypto 101 Media (Ad)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. March 1, 2024 | finanznachrichten.deMajor Drilling Group International Inc.: Major Drilling Announces Third Quarter Results, Strong Cash Generation ContinuesFebruary 26, 2024 | finance.yahoo.comMajor Drilling Group International Inc. (TSE:MDI) is favoured by institutional owners who hold 51% of the companyFebruary 15, 2024 | finance.yahoo.comMajor Drilling to Release Third Quarter Results for Fiscal 2024February 6, 2024 | msn.comBear of the Day: Precision Drilling Corp. (PDS)January 24, 2024 | finance.yahoo.comChuck Royce Acquires New Stake in Major Drilling Group International IncMarch 29, 2024 | Crypto 101 Media (Ad)Major Elon Musk Crypto Leak RevealedReports 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.January 5, 2024 | investing.comMajor Drilling (MDI) Earnings Dates & ReportsDecember 7, 2023 | markets.businessinsider.comMajor Drilling Achieves Highest Revenue in More Than Ten Years; Strong Cash Generation Drives Share RepurchasesDecember 7, 2023 | finance.yahoo.comMajor Drilling Achieves Highest Revenue in More Than Ten Years; Strong Cash Generation Drives Share RepurchasesSeptember 5, 2023 | finance.yahoo.comMajor Drilling Reports First Quarter Results, Robust Cash Position Drives Share Repurchases and Long-Term Debt Reduction to ZeroJuly 19, 2023 | finance.yahoo.comMajor Drilling Group International's (TSE:MDI) investors will be pleased with their favorable 66% return over the last three yearsJune 14, 2023 | finanznachrichten.deMajor Drilling Group International Inc.: Major Drilling Announces Fourth Quarter and Fiscal Year 2023 Results, Annual Net Earnings up 40%June 9, 2023 | theglobeandmail.comFed Minutes on Next Week’s CalendarMay 30, 2023 | finance.yahoo.com3MJ.F - Major Drilling Group International Inc.May 30, 2023 | finance.yahoo.comMajor Drilling to Release Fourth Quarter and Fiscal 2023 ResultsMay 8, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp down on Monday (MDI)May 5, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp up on Friday (MDI)April 28, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp flat on Thursday (MDI)April 19, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp down on Wednesday (MDI)April 19, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp up on Tuesday (MDI)April 14, 2023 | theglobeandmail.comClosing Bell: Major Drilling Grp down on Thursday (MDI)April 11, 2023 | finance.yahoo.comInstitutions own 40% of Major Drilling Group International Inc. (TSE:MDI) shares but retail investors control 49% of the companyMarch 29, 2023 | finance.yahoo.comMajor Drilling Announces Appointment of DirectorMarch 2, 2023 | finance.yahoo.comMajor Drilling Reports Third Quarter Profit, Net Earnings Seasonally Strong as Commodity Mix Shifts to Meet Growing Energy Transition DemandsSee More Headlines Receive MDI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Major Drilling Group International and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/29/2024Today3/29/2024Next Earnings (Estimated)6/11/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorBasic Materials Industry Other Industrial Metals & Mining Sub-IndustryN/A Current SymbolTSE:MDI CUSIPN/A CIKN/A Webwww.majordrilling.com Phone+1-506-8578636FaxN/AEmployees2,500Year FoundedN/APrice Target and Rating Average Stock Price TargetC$14.00 High Stock Price TargetC$14.00 Low Stock Price TargetC$14.00 Potential Upside/Downside+55.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.77 Trailing P/E Ratio11.69 Forward P/E Ratio11.47 P/E Growth3.45Net IncomeC$63.95 million Net Margins8.84% Pretax MarginN/A Return on Equity14.08% Return on Assets9.50% Debt Debt-to-Equity Ratio1.05 Current Ratio3.75 Quick Ratio1.92 Sales & Book Value Annual SalesC$723.63 million Price / Sales1.02 Cash FlowC$1.08 per share Price / Cash Flow8.33 Book ValueC$5.83 per share Price / Book1.54Miscellaneous Outstanding Shares81,790,000Free FloatN/AMarket CapC$736.11 million OptionableNot Optionable Beta1.62 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Denis Larocque (Age 54)President, CEO & Non-Independent Director Comp: $1.32MMr. Ian RossChief Financial OfficerMr. Ben GrahamVice President of Human Resources & SafetyMr. Marc Landry C.M.A.CPA, Vice President Technology & LogisticsMr. Andrew McLaughlinVP of Legal Affairs, General Counsel & SecretaryChantal MelansonExecutive AssistantBarry ZerbinVice President of Canadian OperationsMr. Kevin Bradley SlemkoVice President of US OperationsMore ExecutivesKey CompetitorsPolyMet MiningTSE:POMSkeena ResourcesTSE:SKEAltius MineralsTSE:ALSArizona MetalsCVE:AMCAscot ResourcesTSE:AOTView All CompetitorsInsidersKevin Bradley SlemkoSold 1,000 sharesTotal: C$9,200.00 ($9.20/share)Louis-Pierre GignacBought 2,000 shares on 11/3/2023Total: C$14,600.00 ($7.30/share)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 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 From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders Alliance“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill PublishingThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry Research Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Major Drilling Group International Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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