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Major Drilling Group (TSE:MDI)
TSX:MDI
Canadian Market
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Major Drilling (MDI) Stock Forecast & Price Target

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MDI Financial Forecast

MDI Earnings Forecast

Next quarter’s earnings estimate for MDI is C$0.20 with a range of C$0.16 to C$0.26. The previous quarter’s EPS was C$0.01. MDI beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 40.64% of the time in the same period. In the last calendar year MDI has Outperformed its overall industry.
Next quarter’s earnings estimate for MDI is C$0.20 with a range of C$0.16 to C$0.26. The previous quarter’s EPS was C$0.01. MDI beat its EPS estimate 25.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 40.64% of the time in the same period. In the last calendar year MDI has Outperformed its overall industry.

MDI Sales Forecast

Next quarter’s sales forecast for MDI is C$230.53M with a range of C$223.60M to C$238.00M. The previous quarter’s sales results were C$187.55M. MDI beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 40.04% of the time in the same period. In the last calendar year MDI has Outperformed its overall industry.
Next quarter’s sales forecast for MDI is C$230.53M with a range of C$223.60M to C$238.00M. The previous quarter’s sales results were C$187.55M. MDI beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 40.04% of the time in the same period. In the last calendar year MDI has Outperformed its overall industry.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on TSE:MDI
TipRanks AITipRanks
Not Ranked
TipRanks
C$10.5
Buy
17.58%
Upside
Upgraded
07/08/25
Major Drilling's overall stock score is driven primarily by solid financial performance and positive technical indicators. The company's robust balance sheet and efficient cash flow management are strengths, while valuation concerns and margin pressures present risks. The optimistic outlook from the earnings call further supports the stock's potential, despite valuation challenges.
RBC Capital Analyst forecast on TSE:MDI
Sam CrittendenRBC Capital
RBC Capital
C$14
Buy
56.77%
Upside
Reiterated
12/10/24
RBC Capital Remains a Buy on Major Drilling (MDI)
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on TSE:MDI
TipRanks AITipRanks
Not Ranked
TipRanks
C$10.5
Buy
17.58%
Upside
Upgraded
07/08/25
Major Drilling's overall stock score is driven primarily by solid financial performance and positive technical indicators. The company's robust balance sheet and efficient cash flow management are strengths, while valuation concerns and margin pressures present risks. The optimistic outlook from the earnings call further supports the stock's potential, despite valuation challenges.
RBC Capital Analyst forecast on TSE:MDI
Sam CrittendenRBC Capital
RBC Capital
C$14
Buy
56.77%
Upside
Reiterated
12/10/24
RBC Capital Remains a Buy on Major Drilling (MDI)
Stocks with the Highest Top Analyst Consensus in the Basic Materials Sector
Find stocks in the Basic Materials sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Major Drilling

1 Month
xxx
Success Rate
6/14 ratings generated profit
43%
Average Return
-0.11%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 42.86% of your transactions generating a profit, with an average return of -0.11% per trade.
3 Months
xxx
Success Rate
7/14 ratings generated profit
50%
Average Return
+4.66%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 50.00% of your transactions generating a profit, with an average return of +4.66% per trade.
1 Year
Sam CrittendenRBC Capital
Success Rate
8/14 ratings generated profit
57%
Average Return
+19.91%
reiterated a buy rating 7 months ago
Copying Sam Crittenden's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of +19.91% per trade.
2 Years
xxx
Success Rate
7/14 ratings generated profit
50%
Average Return
+16.34%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of +16.34% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

MDI Analyst Recommendation Trends

Rating
Sep 22
Dec 22
Jun 24
Dec 24
May 25
Strong Buy
3
4
4
3
2
Buy
5
2
0
0
0
Hold
0
0
0
0
1
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
8
6
4
3
3
In the current month, MDI has received 2 Buy Ratings, 1 Hold Ratings, and 0 Sell Ratings. MDI average Analyst price target in the past 3 months is 9.00.
Each month's total comprises the sum of three months' worth of ratings.

MDI Stock Forecast FAQ

What is TSE:MDI’s average 12-month price target, according to analysts?
Based on analyst ratings, Major Drilling Group’s 12-month average price target is 9.00.
    What is TSE:MDI’s upside potential, based on the analysts’ average price target?
    Major Drilling Group has 0.78% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:MDI a Buy, Sell or Hold?
          Major Drilling Group has a consensus rating of Hold which is based on 0 buy ratings, 0 hold ratings and 0 sell ratings.
            What is Major Drilling Group’s price target?
            The average price target for Major Drilling Group is 9.00. This is based on 0 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$9.00 ,the lowest forecast is C$9.00. The average price target represents 0.78% Increase from the current price of C$8.93.
              What do analysts say about Major Drilling Group?
              Major Drilling Group’s analyst rating consensus is a Hold. This is based on the ratings of 0 Wall Streets Analysts.
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