Is Selling Major Drilling Group Int’l Inc. Here a Winning Strategy?

 Is Selling Major Drilling Group Int'l Inc. Here a Winning Strategy?

The stock of Major Drilling Group Int’l Inc. (TSE:MDI) is a huge mover today! About 19,188 shares traded hands. Major Drilling Group Int’l Inc. (TSE:MDI) has declined 13.57% since April 21, 2016 and is downtrending. It has underperformed by 18.98% the S&P500.
The move comes after 8 months negative chart setup for the $530.86M company. It was reported on Nov, 25 by Barchart.com. We have $6.03 PT which if reached, will make TSE:MDI worth $37.16 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. $9 is the highest target while $6 is the lowest. The $8 average target is 23.46% above today’s ($6.48) stock price. Major Drilling Group has been the topic of 5 analyst reports since September 14, 2015 according to StockzIntelligence Inc. On Monday, November 30 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Major Drilling Group Int’l Inc. (TSE:MDI) earned “Buy” rating by TD Securities on Friday, June 10.

Major Drilling Group International Inc. is a drilling services company. The company has a market cap of $530.86 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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