Want to see TSE:MDI full AI Analyst Report?
MDI Stock Chart & Stats
C$17.83
C$0.05(0.59%)
At close: 4:00 PM EST
C$17.83
C$0.05(0.59%)
Day’s Range― - ―
52-Week RangeC$8.57 - C$18.70
Previous CloseN/A
Volume31.89K
Average Volume (3M)198.85K
Market Cap
C$1.17B
Enterprise ValueC$1.34B
Total Cash (Recent Filing)C$62.63M
Total Debt (Recent Filing)C$35.15M
Price to Earnings (P/E)54.7
Beta2.04
Next Earnings
Sep 08, 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 Upside17.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.8
Revenue Forecast (FY)C$993.08M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage provides durable financial flexibility in a cyclical mining services market. With minimal debt, the company can sustain downturns, fund fleet maintenance or selective investments from internal resources, and avoid forced asset sales or costly refinancing during commodity troughs.
Positive Cash GenerationConsistent positive operating and free cash flow supports ongoing capital expenditure for rigs and technology and underpins operational continuity. This cash generation enables self-funding of working capital and selective reinvestment, reducing reliance on external financing over the medium term.
Scale And Recovering RevenueNearly $900M revenue run-rate and recent recovery signal meaningful scale in drilling services. Scale helps win larger multi-rig contracts, spread fixed costs, and maintain service coverage across regions, supporting longer-term contractability and resilience versus smaller competitors.
Bears Say
Margin CompressionSharp margin decline materially reduces cash available for reinvestment and shareholder returns. Persistent margin pressure may reflect structural cost inflation, pricing competition, or lower rig utilization, all of which can erode competitive advantage and require multi-period fixes to restore profitability.
Weaker Cash ConversionDeteriorating cash conversion signals rising working-capital needs or timing issues that reduce liquidity flexibility. Even with positive cash flows, lower conversion increases sensitivity to revenue swings, constrains discretionary spending, and heightens the importance of strict working-capital and capital-allocation discipline.
Cyclical End-Market ExposureBusiness depends on mining exploration budgets and commodity cycles, creating structural demand volatility. This leads to fluctuating rig utilization and contract timing, making revenue and margin visibility limited over rolling multi-quarter periods and requiring capital flexibility to manage downturns.
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$8.57 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$1.17B.
When is Major Drilling Group’s upcoming earnings report date?
Major Drilling Group’s upcoming earnings report date is Sep 08, 2026 which is in 50 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
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$21.00 (17.78% Upside)
C$21.00 (17.78% Upside)
Blogger Sentiment
Bullish
TSE:MDI Sentiment 100%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth C$48.7K 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
▲(17.78% Upside)
Technical Analysis
Foraco International
―
Freegold Ventures
―
Geodrill
―
GoldQuest Mining
―
Orbit Garant Drill
―