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MDI Stock Chart & Stats
C$14.12
-C$0.26(-1.81%)
At close: 4:00 PM EDT
C$14.12
-C$0.26(-1.81%)
Day’s Range― - ―
52-Week RangeC$8.78 - C$18.70
Previous CloseN/A
Volume51.24K
Average Volume (3M)198.85K
Market Cap
C$1.33B
Enterprise ValueC$1.26K
Total Cash (Recent Filing)C$62.63M
Total Debt (Recent Filing)C$35.15M
Price to Earnings (P/E)65.6
Beta2.15
Next Earnings
Sep 02, 2026EPS Estimate
0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.26
Shares Outstanding82,236,280
10 Day Avg. Volume215,040
30 Day Avg. Volume198,852
Financial Highlights & Ratios
PEG Ratio-3.21
Price to Book (P/B)2.31
Price to Sales (P/S)1.45
P/FCF Ratio61.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$21.00Price Target Upside48.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.74
Revenue Forecast (FY)C$993.08M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage gives Major Drilling financial flexibility through cyclical mining conditions. It can support equipment investment, customer requirements and operational resilience without a heavy debt-service burden.
Positive Cash GenerationThe company continues to convert its drilling operations into positive operating and free cash flow. That internally generated funding supports fleet maintenance, reinvestment and liquidity, even though cash generation has softened.
Revenue Scale And GrowthMajor Drilling operates at substantial scale across exploration and mine-site drilling, while revenue has recovered and increased. This supports customer diversification, broader asset utilization and a durable platform for future mining-service demand.
Bears Say
Margin CompressionSharp margin deterioration indicates weaker pricing, utilization or operating efficiency and reduces earnings resilience. If sustained, it can limit reinvestment capacity and prevent revenue growth from translating into proportional profit growth.
Lower Profitability And ReturnsFalling net income and a much lower return on equity show that the larger operating base is currently producing weaker shareholder returns. Persistent earnings volatility could constrain organic growth and reduce the benefit of the strong balance sheet.
Weaker Cash ConversionAlthough cash flow remains positive, weaker conversion from accounting earnings and declining free cash flow point to working-capital pressure or higher reinvestment needs. This makes funding capacity less predictable across the mining cycle.
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$8.78 and its highest was C$18.70 in the past 12 months.
What is Major Drilling Group’s market cap?
Major Drilling Group’s market cap is C$1.33B.
When is Major Drilling Group’s upcoming earnings report date?
Major Drilling Group’s upcoming earnings report date is Sep 02, 2026 which is in 13 days.
How were Major Drilling Group’s earnings last quarter?
Major Drilling Group released its earnings results on Jun 10, 2026. The company reported C$0.1 earnings per share for the quarter, beating the consensus estimate of C$0.078 by C$0.022.
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 0.18.
How many shares outstanding does Major Drilling Group have?
Major Drilling Group has 82,236,280 shares outstanding.
What happened to Major Drilling Group’s price movement after its last earnings report?
Major Drilling Group reported an EPS of C$0.1 in its last earnings report, beating expectations of C$0.078. Following the earnings report the stock price went up 8.38%.
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$21.00 (48.73% Upside)
C$21.00 (48.73% Upside)
Insider Transactions
Sold Shares
Worth C$39.6K 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
―
Trailing 12-Months
Asset Growth
6.57%
Trailing 12-Months
Company Description
Major Drilling Group
Major Drilling Group International Inc. delivers expert contract drilling services specifically tailored for mining and mineral exploration enterprises. Their extensive service portfolio encompasses a diverse array of drilling methodologies, such as surface and subterranean core extraction, precision directional drilling, reverse circulation, sonic drilling, and specialized applications including geotechnical, environmental, and water-well drilling. They also perform operations for coal-bed methane and shallow gas, underground percussive and long-hole drilling, surface drill-and-blast work, and various other related mining support functions. Founded in 1980, this company is based in Moncton, Canada, and maintains a broad international presence with offices located across Mexico, South America, Asia, Africa, the United States, and Australia.
MDI Stock 12 Month Forecast
Average Price Target
C$21.00
▲(48.73% Upside)
Technical Analysis
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