Major Drilling Group Int'l Inc. (TSE:MDI) was downgraded by investment analysts at Beacon Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

MDI has been the subject of a number of other research reports. TD Securities cut Major Drilling Group Int'l from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$9.50 to C$9.00 in a research report on Friday. Paradigm Capital raised Major Drilling Group Int'l from a “hold” rating to a “buy” rating and upped their target price for the stock from C$8.50 to C$9.75 in a research report on Wednesday, June 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$8.00 target price (up previously from C$7.00) on shares of Major Drilling Group Int'l in a research report on Tuesday, June 6th.

Shares of Major Drilling Group Int'l (TSE MDI) opened at 7.05 on Thursday. The stock’s market cap is $564.98 million. The stock’s 50 day moving average is $8.05 and its 200-day moving average is $7.84. Major Drilling Group Int'l has a 1-year low of $5.72 and a 1-year high of $8.69.

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Major Drilling Group Int'l Company Profile

Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.

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