Major Drilling Group International Inc…

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Major Drilling Group International Inc (MDI.TO)

18.13

+0.56 (3.19%)

as of Jun 4, 2026, 4:51:03 pm Market Open.

96 watching

Investor Insights

Jun 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Major Drilling Group International Inc (MDI-T) is recognized as the largest drilling company in the industry, showcasing a strong potential that experts have noted, especially amidst a surge in IPOs for gold and copper mining companies. The company made strategic acquisitions, purchasing two notable firms in the past year, including a key player in Australia and a major company in Peru, enhancing its market position. Experts believe that while the stock is incredibly cyclical, it currently finds itself on the favorable side of the cycle, suggesting a significant upside over the coming years. Although the path to realizing this potential may take time, with projections indicating a possible sell-off in approximately five years, the assets that Major Drilling holds are considered top-tier, and analysts have set a price target of $15.84 for the stock, reflecting growing confidence in its future performance. As such, the sentiment surrounding this stock is optimistic, driven by its recent expansions and the larger market trends in mining.

Consensus

Positive

Valuation

Undervalued

Similar

Barrick Gold,ABX

PAST TOP PICK

(A Top Pick May 20/21, Up 3%) The world's leading driller for mining companies. Mining is on an uptick and this was his bet. It's doing well and he sees more upside. You don't know which company will when in exploration, so MDI is safe.

BUY

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

PAST TOP PICK

(A Top Pick Mar 11/21, Up 48%) Used by gold and silver companies and expanding into copper. Exploration companies are paying higher day rates for rigs. Gold and silver and base metals have just broken out of technical consolidation and MDI is a beneficiary of expanded gold and silver exploration. It has good earnings which are rising.

PAST TOP PICK

(A Top Pick Mar 11/21, Up 20%) Picks and shovels. You want to own this if you think we're in a commodities cycle. Has pivoted into copper, in addition to gold and silver. Lots of room for revenue expansion.

BUY

Exposed to massive shortage of materials, especially as the world moves to electrification. A 3-5 year play. Will double in the next 2-3 years.

BUY

He was buying up until last week. Gold prices are supportive of drilling and copper demand will go up. They have a clean balance sheet. He likes that you have exposure to a broad arrange of projects.

BUY

It is beyond the current investment horizon to think mining will take place in space, but he is excited about it now. The commodity shortage and pricing will lead to massive exploration for things like copper. The electronic world we are entering will need massive amounts of copper. He thinks they will be quite profitable over the next 3 to 5 years.

BUY

He has been buying on this pull back. It continues to be in the sweet spot. They pulled back because of a one time bid to purchase a lot of consumables that will last for the next 14 months. He thinks the next quarter will see it improve.

TOP PICK

We need more things that come come out of the ground. World leader. Cheap. Just bought an Australian company. Not bogged down with debt, competitors are. In every commodity cycle it's gone over $20, and he thinks it will again. No dividend. (Analysts’ price target is $11.75)

TOP PICK

If you like basic materials, and think that they'll be in short supply, you want to participate in the picks and shovels. A mid-cap that looks good heading into a commodity cycle. No dividend. (Analysts’ price target is $10.00)

WATCH

As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.

TOP PICK

This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.

COMMENT

He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.

SELL

The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.

DON'T BUY

(Market call Minute) Prefers equipment space, not the drillers.

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Major Drilling Group International Inc (MDI.TO)