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Major Drilling Group (TSE:MDI)
TSX:MDI
MDI Stock Chart & Stats
C$16.83
C$0.05(0.59%)
At close: 4:00 PM EST
C$16.83
C$0.05(0.59%)
Day’s Range― - ―
52-Week RangeC$6.51 - C$17.20
Previous CloseN/A
Volume31.89K
Average Volume (3M)198.85K
Market Cap
C$1.37B
Enterprise ValueC$1.36B
Total Cash (Recent Filing)C$64.69M
Total Debt (Recent Filing)C$43.62M
Price to Earnings (P/E)87.4
Beta1.85
Next Earnings
Feb 25, 2026EPS Estimate
-0.05Next 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$23.23Price Target Upside38.03% 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 Sheet / Low LeverageA very low debt-to-equity ratio and a robust equity ratio give Major Drilling durable financial flexibility. Conservative leverage supports capital-intensive operations, enables opportunistic fleet investment or acquisitions, and reduces solvency risk during mining cyclical downturns.
Record Revenue And Sizable Fleet CapacityRecord quarterly revenue combined with a large fleet and sub-full utilization implies tangible upside from higher utilization rather than immediate heavy capex. Structural fleet capacity positions the company to scale faster as mining activity rises and capture incremental revenue from stronger commodity-driven cycles.
Strategic Geographic Expansion (Explomin Acquisition)The Explomin acquisition materially expands Major Drilling's footprint in Peru and strengthens South American market share. This strategic expansion diversifies revenue sources, enhances customer access in copper-rich jurisdictions, and supports cross-selling of services and local contract capture over the medium term.
Bears Say
Sustained Margin CompressionMaterial declines in gross and net margins indicate persistent cost and pricing pressure. Lower margins reduce the company's ability to convert top-line growth into durable profits, limiting reinvestment capacity and making returns more sensitive to wage, fuel, and logistics cost escalation over the coming quarters.
Weak Free Cash Flow GenerationDeclining free cash flow and a low FCF-to-income ratio show the company struggles to generate cash from operations relative to earnings. This constrains internal funding for fleet purchases, inventory build, or shareholder returns and increases reliance on liquidity buffers or external financing.
Operational And Regional Execution RiskOperational incidents and activity suspensions in Indonesia reveal execution and safety risks inherent to remote, complex drilling sites. Such events can create prolonged revenue interruptions, higher compliance and insurance costs, and reputational damage that weighs on contract renewals in those regions.
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$17.20 in the past 12 months.
What is Major Drilling Group’s market cap?
Major Drilling Group’s market cap is C$1.37B.
When is Major Drilling Group’s upcoming earnings report date?
Major Drilling Group’s upcoming earnings report date is Feb 25, 2026 which is in 2 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 -0.05.
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
Neutral
1
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5
6
7
8
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10
Analyst Consensus
Moderate Buy
Average Price Target:
C$23.23 (38.03% Upside)
C$23.23 (38.03% Upside)
Blogger Sentiment
Bullish
TSE:MDI Sentiment 100%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth C$161.6K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
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$23.23
▲(38.03% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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