Major Drilling Group (TSE:MDI)
TSX:MDI
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$7.83 - C$18.65
Previous CloseN/A
Volume31.89K
Average Volume (3M)198.85K
Market Cap
C$1.32B
Enterprise ValueC$1.21B
Total Cash (Recent Filing)C$88.65M
Total Debt (Recent Filing)C$41.76M
Price to Earnings (P/E)―
Beta2.01
Next Earnings
Jun 16, 2026EPS Estimate
0.13Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.17
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 Upside14.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.83
Revenue Forecast (FY)C$974.83M
Bulls Say, Bears Say
Bulls Say
Conservative Balance SheetVery low leverage and a large equity cushion provide durable financial flexibility. This supports capital allocation for fleet modernization, absorbing cyclical downturns, and funding working capital during ramp periods without pressuring liquidity or forcing asset sales, improving long-term resilience.
Positive Cash GenerationSustained operating cash flow and positive free cash flow give the company structural ability to fund capex, fleet upkeep, and pre-order supplies. Even with weaker conversion, consistent cash generation lets management pursue disciplined reinvestment and support growth without excessive external financing.
Specialized Service Mix & FleetA high share of specialized drilling creates competitive advantage via technical expertise and pricing power on complex projects. A large, modernized fleet positions the company to capture structurally growing demand for remote, technical deposits, supporting durable revenue quality and customer stickiness.
Bears Say
Margin CompressionMaterial margin deterioration reflects higher operating costs, pricing pressure and startup/mobilization expenses. Persistently lower margins reduce return on equity and cash conversion, meaning revenue growth may not translate to proportional profit improvement absent sustained pricing or cost control.
Low Utilization & Labor ConstraintsSuboptimal fleet utilization combined with crew shortages limits scalability of revenue into profit. Labor tightness forces higher retention/hiring costs and may slow rig deployment cadence, making margin recovery slower than revenue ramps and increasing structural operating leverage risk.
Regional Contract VolatilityConcentrated regional slowdowns and contract terminations create durable volatility in utilization and revenue mix. Start-up/mobilization and termination costs impair earnings quality and raise execution risk when redeploying rigs across geographies, complicating predictable margin recovery.
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$7.83 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$1.32B.
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 27 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
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
C$20.50 (14.97% Upside)
C$20.50 (14.97% Upside)
Blogger Sentiment
Bullish
TSE:MDI Sentiment 100%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth C$36.0K 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
▲(14.97% Upside)
Technical Analysis
Foraco International
―
Freegold Ventures
―
Geodrill
―
GoldQuest Mining
―
Orbit Garant Drill
―
Options Prices
Currently, No data available
---