Major Drilling Group Int’l Inc. Increases Again; Strong Momentum for Buyers

 Major Drilling Group Int'l Inc. Increases Again; Strong Momentum for Buyers

The stock of Major Drilling Group Int’l Inc. (TSE:MDI) is a huge mover today! About 60,456 shares traded hands. Major Drilling Group Int’l Inc. (TSE:MDI) has declined 15.98% since April 20, 2016 and is downtrending. It has underperformed by 21.39% the S&P500.
The move comes after 8 months positive chart setup for the $556.28M company. It was reported on Nov, 24 by Barchart.com. We have $7.30 PT which if reached, will make TSE:MDI worth $33.38M 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 16.11% above today’s ($6.89) stock price. Major Drilling Group has been the topic of 5 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Monday, November 30 by RBC Capital Markets. The stock of Major Drilling Group Int’l Inc. (TSE:MDI) has “Buy” rating given on Friday, June 10 by TD Securities.

Major Drilling Group International Inc. is a drilling services company. The company has a market cap of $556.28 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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