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The latest update is out from Major Drilling ( (TSE:MDI) ).
Major Drilling reported a revenue increase to $727.6 million for fiscal year 2025, driven by heightened activity and strategic acquisitions like Explomin, enhancing its South American presence. Despite facing challenges such as tariff-related economic uncertainties and increased startup costs, the company anticipates a strong fiscal 2026, supported by larger exploration budgets from senior customers and a robust safety record, positioning itself well amidst rising gold and copper prices.
The most recent analyst rating on (TSE:MDI) stock is a Buy with a C$15.00 price target. To see the full list of analyst forecasts on Major Drilling stock, see the TSE:MDI Stock Forecast page.
Spark’s Take on TSE:MDI Stock
According to Spark, TipRanks’ AI Analyst, TSE:MDI is a Neutral.
Major Drilling’s overall score reflects a balance of stable financial performance and optimistic future outlook as highlighted in the earnings call. While technical indicators and valuation are not particularly compelling, the company’s strong balance sheet and anticipated growth in senior exploration budgets for 2025 contribute positively.
To see Spark’s full report on TSE:MDI stock, click here.
More about Major Drilling
Major Drilling Group International Inc. is a leading provider of specialized drilling services to the mining sector. The company focuses on delivering high-quality drilling solutions, catering primarily to the mining industry’s exploration and development needs.
Average Trading Volume: 165,384
Technical Sentiment Signal: Buy
Current Market Cap: C$708.8M
Find detailed analytics on MDI stock on TipRanks’ Stock Analysis page.