What Will Happen to Major Drilling Group Int’l Inc. Next? The Stock Just Declined A Lot

 What Will Happen to Major Drilling Group Int'l Inc. Next? The Stock Just Declined A Lot

The stock of Major Drilling Group Int’l Inc. (TSE:MDI) is a huge mover today! About 54,213 shares traded hands. Major Drilling Group Int’l Inc. (TSE:MDI) has risen 9.63% since April 8, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.
The move comes after 8 months negative chart setup for the $565.77M company. It was reported on Nov, 14 by Barchart.com. We have $6.42 PT which if reached, will make TSE:MDI worth $50.92M 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 firm earned “Buy” rating on Friday, June 10 by TD Securities. RBC Capital Markets maintained Major Drilling Group Int’l Inc. (TSE:MDI) on Monday, November 30 with “Sector Perform” rating.

Major Drilling Group International Inc. is a drilling services company. The company has a market cap of $565.77 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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