Major Drilling Group (TSE:MDI)
TSX:MDI
MDI Stock Chart & Stats
C$18.15
C$0.05(0.59%)
At close: 4:00 PM EST
C$18.15
C$0.05(0.59%)
Day’s Range― - ―
52-Week RangeC$7.42 - C$18.65
Previous CloseN/A
Volume31.89K
Average Volume (3M)198.85K
Market Cap
C$1.49B
Enterprise ValueC$1.44B
Total Cash (Recent Filing)C$88.65M
Total Debt (Recent Filing)C$41.76M
Price to Earnings (P/E)―
Beta1.95
Next Earnings
Jun 16, 2026EPS Estimate
0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.13
Shares Outstanding82,134,285
10 Day Avg. Volume215,040
30 Day Avg. Volume198,852
Financial Highlights & Ratios
PEG Ratio-0.51
Price to Book (P/B)1.59
Price to Sales (P/S)1.11
P/FCF Ratio20.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.50Price Target Upside12.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.37
Revenue Forecast (FY)C$873.95M
Bulls Say, Bears Say
Bulls Say
Conservative Balance Sheet & LiquidityVery low leverage and materially expanded liquidity give the company durable financial flexibility to fund fleet readiness, absorb seasonal troughs, and support contract mobilizations during an activity ramp. This positions the business to withstand shocks and invest selectively over the next several quarters.
Solid Cash Generation And FCF GrowthConsistent operating cash flow and materially positive free cash flow underpin the company’s ability to self-fund maintenance and selective expansion, pay down obligations, and absorb working-capital swings as activity ramps, supporting operational resilience over a multi-quarter horizon.
Specialized Services & Fleet ReadinessA large specialized-services mix and an optimized, modernized fleet align with structural demand for remote, technically complex deposits. Proactive crew retention, inventory build and rig readiness increase the firm's ability to capture higher-margin specialized work as exploration budgets expand.
Bears Say
Material Margin CompressionSignificant margin deterioration signals structural pressure: pricing, mix and elevated start-up/mobilization costs have reduced earnings quality. Even with revenue growth, margins may lag and constrain profitability recovery over several quarters as pricing and cost normalization take time to materialize.
Labor Availability And Wage PressureCrew scarcity and upward wage pressure are structural constraints on scaling utilization; inability to staff rigs limits revenue capture and forces higher labor costs. These dynamics can persist through hiring cycles and regional tightness, delaying margin recovery despite higher activity.
Regional Slowdowns And Contract TerminationsGeographic concentration of underperforming regions and terminated contracts reduces near-term utilization and creates volatility in revenue mix. Persistent regional softness or major-customer slowdowns can depress utilization and margins for multiple quarters before new work fills the gap.
Major Drilling News
MDI FAQ
What was Major Drilling Group’s price range in the past 12 months?
Major Drilling Group lowest stock price was C$7.42 and its highest was C$18.65 in the past 12 months.
What is Major Drilling Group’s market cap?
Major Drilling Group’s market cap is C$1.49B.
When is Major Drilling Group’s upcoming earnings report date?
Major Drilling Group’s upcoming earnings report date is Jun 16, 2026 which is in 66 days.
How were Major Drilling Group’s earnings last quarter?
Major Drilling Group released its earnings results on Feb 25, 2026. The company reported -C$0.13 earnings per share for the quarter, missing the consensus estimate of -C$0.068 by -C$0.062.
Is Major Drilling Group overvalued?
According to Wall Street analysts Major Drilling Group’s price is currently Undervalued.
Does Major Drilling Group pay dividends?
Major Drilling Group pays a Semiannually dividend of C$0.02 which represents an annual dividend yield of N/A. See more information on Major Drilling Group dividends here
What is Major Drilling Group’s EPS estimate?
Major Drilling Group’s EPS estimate is 0.13.
How many shares outstanding does Major Drilling Group have?
Major Drilling Group has 82,134,285 shares outstanding.
What happened to Major Drilling Group’s price movement after its last earnings report?
Major Drilling Group reported an EPS of -C$0.13 in its last earnings report, missing expectations of -C$0.068. Following the earnings report the stock price went up 2.413%.
Which hedge fund is a major shareholder of Major Drilling Group?
Currently, no hedge funds are holding shares in TSE:MDI
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Major Drilling Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$20.50 (12.95% Upside)
C$20.50 (12.95% Upside)
Blogger Sentiment
Bullish
TSE:MDI Sentiment 100%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth C$199.8K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
58.45%
12-Months-Change
Fundamentals
Return on Equity
2.63%
Trailing 12-Months
Asset Growth
1.72%
Trailing 12-Months
Company Description
Major Drilling Group
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 based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia.
MDI Stock 12 Month Forecast
Average Price Target
C$20.50
▲(12.95% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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