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Major Drilling Group (TSE:MDI)
TSX:MDI
MDI Stock Chart & Stats
C$15.18
C$0.05(0.59%)
At close: 4:00 PM EST
C$15.18
C$0.05(0.59%)
Day’s Range― - ―
52-Week RangeC$6.51 - C$17.00
Previous CloseN/A
Volume31.89K
Average Volume (3M)198.85K
Market Cap
C$1.22B
Enterprise ValueC$1.22B
Total Cash (Recent Filing)C$64.69M
Total Debt (Recent Filing)C$36.83M
Price to Earnings (P/E)78.0
Beta1.84
Next Earnings
Feb 26, 2026EPS Estimate
-0.03Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.17
Shares Outstanding82,052,734
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$23.16Price Target Upside52.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage provides durable financial flexibility to fund fleet investments, bid on large multi-year contracts, and withstand cyclical downturns. A conservative capital structure reduces refinancing risk and supports capital deployment without pressuring cash flow under mining cycles.
Strong Recent Revenue MomentumMaterial top-line growth driven by stronger activity in the Americas and higher gold/copper pricing represents structural demand for drilling services. Sustained commodity-driven budgets and focus on critical minerals can support multi-quarter revenue visibility for contract drilling services.
Large Deployable Fleet And Geographic FootprintA sizeable, multi-geography fleet and mid-cycle utilization gives the company capacity to scale when demand rises, capture incremental contract work quickly, and leverage fixed-cost absorption as utilization improves, supporting durable revenue and margin recovery over time.
Bears Say
Declining Profitability MarginsSustained margin erosion indicates pressure from competitive pricing, higher training and maintenance costs, and possibly less favorable contract mix. Lower gross margins reduce earnings power, limit reinvestment capacity, and make the business more sensitive to cost inflation over multiple quarters.
Weak Free Cash Flow GenerationDeclining free cash flow and OCF that lags net income signal persistent cash conversion issues. This constrains the company's ability to self-fund fleet expansion, absorb working-capital swings in remote projects, or return capital, increasing reliance on liquidity despite a strong balance sheet.
Operational Disruptions And Rising Operating CostsOperational incidents that halt site work and higher G&A from M&A/integration raise execution risk and recurring overhead. These factors can depress utilization and margins across regions, prolong recovery of profitability after volatile drilling cycles, and strain project delivery.
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$6.51 and its highest was C$17.00 in the past 12 months.
What is Major Drilling Group’s market cap?
Major Drilling Group’s market cap is C$1.22B.
When is Major Drilling Group’s upcoming earnings report date?
Major Drilling Group’s upcoming earnings report date is Feb 26, 2026 which is in 22 days.
How were Major Drilling Group’s earnings last quarter?
Major Drilling Group released its earnings results on Dec 10, 2025. The company reported C$0.17 earnings per share for the quarter, beating the consensus estimate of C$0.167 by C$0.003.
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 -0.03.
How many shares outstanding does Major Drilling Group have?
Major Drilling Group has 82,052,734 shares outstanding.
What happened to Major Drilling Group’s price movement after its last earnings report?
Major Drilling Group reported an EPS of C$0.17 in its last earnings report, beating expectations of C$0.167. Following the earnings report the stock price went down -1.44%.
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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$23.16 (52.57% Upside)
C$23.16 (52.57% Upside)
Blogger Sentiment
Bullish
TSE:MDI Sentiment 100%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth C$161.2K 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
3.86%
Trailing 12-Months
Asset Growth
15.80%
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$23.16
▲(52.57% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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