What’s Propelling Major Drilling Group Int’l Inc. to Increase So Much?

 What's Propelling Major Drilling Group Int'l Inc. to Increase So Much?

The stock of Major Drilling Group Int’l Inc. (TSE:MDI) is a huge mover today! About 22,500 shares traded hands. Major Drilling Group Int’l Inc. (TSE:MDI) has risen 8.70% since March 28, 2016 and is uptrending. It has outperformed by 5.69% the S&P500.
The move comes after 8 months positive chart setup for the $528.18 million company. It was reported on Nov, 1 by Barchart.com. We have $8.56 PT which if reached, will make TSE:MDI worth $132.05M more.

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. $9 is the highest target while $6 is the lowest. The $8 average target is 16.79% above today’s ($6.85) stock price. Major Drilling Group has been the topic of 5 analyst reports since September 14, 2015 according to StockzIntelligence Inc. As per Friday, June 10, the company rating was upgraded by TD Securities. On Monday, November 30 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

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 $528.18 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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