Mackie Reaffirms Hold Rating for Major Drilling Group Int'l (MDI)
Shares of Major Drilling Group Int'l (TSE:MDI) traded down 1.13% on Thursday, hitting $7.88. 97,055 shares of the company’s stock traded hands. Major Drilling Group Int'l has a 1-year low of $6.75 and a 1-year high of $9.78. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $8.. The company’s market cap is $623.8 million.
Major Drilling Group Int'l (TSE:MDI) last posted its quarterly earnings results on Friday, June 6th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.09. Analysts expect that Major Drilling Group Int'l will post $-0.03 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MDI. Analysts at RBC Capital downgraded shares of Major Drilling Group Int'l from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 31st. They noted that the move was a valuation call. Analysts at TD Securities raised their price target on shares of Major Drilling Group Int'l from C$8.00 to C$8.50 in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$8.00.
Major Drilling Group International Inc is a drilling service company primarily serving the mining industry.
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