After Today’s Huge Decline, Is Major Drilling Group Int’l Inc.’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Major Drilling Group Int'l Inc.'s Near Term Analysis Negative?

The stock of Major Drilling Group Int’l Inc. (TSE:MDI) is a huge mover today! About 53,801 shares traded hands. Major Drilling Group Int’l Inc. (TSE:MDI) has risen 12.26% since March 24, 2016 and is uptrending. It has outperformed by 8.79% the S&P500.
The move comes after 6 months negative chart setup for the $568.08M company. It was reported on Oct, 31 by Barchart.com. We have $6.32 PT which if reached, will make TSE:MDI worth $51.13 million less.

Major Drilling Group Int’l Inc. (TSE:MDI) Ratings Coverage

Out of 2 analysts covering Major Drilling Group (TSE:MDI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Major Drilling Group has been the topic of 5 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, November 30. The firm earned “Buy” rating on Friday, June 10 by TD Securities.

Another recent and important Major Drilling Group Int’l Inc. (TSE:MDI) news was published by Fool.ca which published an article titled: “This Coast-to-Coast Portfolio Will Fund Your Retirement” on August 26, 2016.

Major Drilling Group International Inc. is a drilling services company. The company has a market cap of $568.08 million. The Firm is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. It currently has negative earnings. The Firm operates through three geographical divisions, which include Canada – U.S., South and Central America, and Asia and Africa.

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