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

HOLD

In the next 12 months or so, she thinks this might rebound from the current lower level. Valuations are quite cheap. Company has a very attractive balance sheet. However, about 30% of their major drilling business is coming from exploration on the Junior side. Stock has priced in somewhat with lower activities. 2.75% dividend and she doesn’t see any increases coming. (Host comment: Beta is 1.9 id est., 90% more volatile than the TSX.)

SELL

(Market Call Minute.) There is a decline in mining activity so why do you need to be there on a higher risk play in the mining sector.

COMMENT

This is a drilling company for mines. You are exposed to activity but not to cost overruns. As long as they are drilling trying to find things they are a beneficiary. Looks pretty interesting at this price.

HOLD

Basically this is providing a service to the mining industry and the global mining industry is hurting right now. You need an upsurge in the fortune for miners and that is not, as yet, in the cards.

COMMENT

(Market Call Minute.) Looking at this one. Had a record quarter but the stock has not responded. A potential Buy.

WATCH

Beaten up so much. Risk they will stop drilling. Independent consultants are expecting major drilling, however. Once we see dollars being put back into the ground this one will benefit.

BUY

Drills for copper, gold, etc. International. Great company. Very profitable. Has been extremely volatile like all commodities stocks. You have to be prepared to buy when nobody wants it, such as now, and sell when everybody wants it.

BUY

Pure rental drilling services in mining. Costs to their customers are continuing to increase and it is benefiting this company. Thinks the stock will continue to increase.

BUY

Slightly recovered since 2008. A lot of companies have been able to come to market and raise capital.

HOLD

He doesn't own any drilling stocks. As economy recovers and more resources are needed, drilling companies will do better. Would prefer Trinidad (TDG-T) because of the yield. Use a stoploss at the 50-day moving average, but once you see the market rollover, exit and take your profit.

DON'T BUY

A bellwether for the metals and mining sector. Chart shows it running up from 2005 through 2007. Came down through 2008. A lot of the metals stocks have retraced 60% or 70% but has not occurred with this stock. Chart shows relative weakness to its peer group. Postpone the purchase, at least through the summer.

BUY

Historically was between $30 and $50 during the commodity bull run and if we get that back in the next 3 years, you'll probably have a double.

COMMENT

(Market Call Minute.) A Hold at best because it is going to be 6 months before it goes.

DON'T BUY

Very well positioned company. He is fairly cautious on the base metals segment. Even in an economic recovery, base metals will likely be the last to move up.

SELL

There is no rush to buy as it will lag out the economy. Drilling companies are going to be under some pressure. All the majors are cutting back on the exploration side of things.

Showing 31 to 45 of 71 entries

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Major Drilling Group International Inc (MDI.TO)