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Kinross Gold, Northland Power Inc and More at 52-week Highs (Sep 16-22)Earning Reports to Watch (Dec 3-7)This summary was created by AI, based on 6 opinions in the last 12 months.
Experts believe that Major Drilling Group International Inc (MDI-T) is a strong and well-regarded company with good growth potential in the long term. The company is well positioned to benefit from the strong commodities cycle, especially in the demand for copper and gold. With no debt and excess cash on the balance sheet, the outlook for the business is very positive, making it an attractive stock to hold for the long term.
Leading exploration driller for metals worldwide. Demand for copper and gold not going away. Well placed for commodity demand. No debt on cap table. Very good outlook for business. Would recommend buying. Cyclical business by nature, but overall - a good business. Target price is $14. Owns shares in portfolio.
A way to play the miners, as it does drilling for companies while being agnostic to what it's drilling for, giving exposure to the whole sector. True, commodity prices have backed off, and equity markets for raising capital haven't been the most favourable. When the sector turns, in very good shape to take advantage of demand for 5-10 years. Reduced debt to nothing, buying back stock.
Industry sees them as a well-regarded, very competitive firm. He doesn't normally own process and service stocks. No objection to someone adding. Pretty attractive margins and market share.
Picks and shovels again. Leading driller for exploration on the planet. If the EV revolution happens, there will be more and more exploration drilling. The whole electric grid needs replacing. $50M in cash, no debt. Trades at 10x earnings. A home run swing. No dividend.
(Analysts’ price target is $16.30)At 11X forward earnings with net cash and good growth expected this year, we don't think much has really changed here. The company expects to report on May 23. Being so close to earnings, we might prefer to just wait and act on more information once earnings are released butdon't see much reason for a view to change on the name overall.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Latest results were strong and this is a good name to own for sector exposure. Margins grew and the company is handling costs quite well. Fundamentals and balance sheet looks good. Position size should be carefully chosen, especially with the higher 18.6x earnings valuation. Momentum is strong. Unlock Premium - Try 5i Free
Major Drilling Group International Inc is a Canadian stock, trading under the symbol MDI-T on the Toronto Stock Exchange (MDI-CT). It is usually referred to as TSX:MDI or MDI-T
In the last year, 5 stock analysts published opinions about MDI-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Major Drilling Group International Inc.
Major Drilling Group International Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Major Drilling Group International Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
5 stock analysts on Stockchase covered Major Drilling Group International Inc In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Major Drilling Group International Inc (MDI-T) stock closed at a price of $9.
Mining services company across the globe. Excellent small company to hold for the long term. Expecting strong commodities cycle going forward. Excess cash on the balance sheet. Paying down debt. If demand for gold and copper rises, will benefit from drilling services demand. Good stock to hold for the long term.