Major Drilling Group Int’l (TSE:MDI) Upgraded by Beacon Securities to “Buy”

Major Drilling Group Int’l (TSE:MDI) was upgraded by equities researchers at Beacon Securities from a “hold” rating to a “buy” rating in a report issued on Tuesday, reports.

Separately, TD Securities upgraded Major Drilling Group Int’l from a “hold” rating to a “buy” rating and increased their price target for the company from C$5.50 to C$6.50 in a report on Tuesday.

TSE:MDI opened at C$5.80 on Tuesday. The stock’s fifty day moving average is C$4.87 and its 200 day moving average is C$4.42. Major Drilling Group Int’l has a fifty-two week low of C$3.89 and a fifty-two week high of C$5.85. The firm has a market capitalization of $432.01 million and a PE ratio of -25.22. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.82 and a current ratio of 3.28.

Major Drilling Group Int’l Company Profile

Major Drilling Group International Inc primarily provides contract drilling services for mining and mineral exploration companies. It offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and various mine services.

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