Major Drilling Group International Inc…

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Major Drilling Group International Inc (MDI.TO)

17.71

+0.14 (0.80%)

as of Jun 4, 2026, 6:52:11 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

BUY

(Market Call Minute.) Tied to the base metals sector. Normally goes up from October to April each year.

HOLD

Good company but with the state of capital markets in the US and a pullback in metal prices there could be some downturn in drilling.

BUY

(Market Called Minute.) Very special company.

BUY

(Market Call Minute.) Global drilling for mines. Earnings growth is in place.

TOP PICK

If you are skittish about commodity prices or the risks to mining, this is a way of participating in the resource boom. 2nd biggest contract driller in the mining business in the world. Over 500 rigs in 20 countries. Specializes in harder more challenging drilling where the margins are better.

BUY ON WEAKNESS

Drillers for mines (not oil/gas) are doing extremely well. Not enough people or equipment. Pricing is going up at a very good rate. Made $2 a share in earnings. Stock is no longer cheap at 23 X trailing earnings, but earnings are still going up and will probably make $2.50-$2.75 in 2008. Stock has to consolidate. Buy below $40.

DON'T BUY

Doesn’t own very much in oil services right now. Prefers his exposure in the energy companies themselves. Not cheap.

SELL

Largest hard rock driller in the world. With commodity prices so strong and lots of exploration going on, it has been an amazing business to be in. If you own, he would take some profit.

PAST TOP PICK

(A Top Pick Dec 27/06. Up 27.2%.) One of the largest drillers in the world. Drills for commodities, not oil/gas. Good price.

HOLD

This is a one-of-a-kind drilling company. Riding on the back of an extraordinarily strong resource sector.

TOP PICK

A very large global driller for base/precious metals. Earnings and margins have been going up very fast. Will probably make $2.20 in earnings in 2006.

TOP PICK

Mostly drilling in mining, gold, uranium, copper, etc. As the price of those commodities has gone up, the expenditures and new drilling have increased. Revenues, margins and earnings are going up. Earnings per share in the last quarter have gone up more tan 50%. Not dirt cheap, but reasonably cheap considering the high growth rate.

DON'T BUY

The largest hard rock drilling company in the world and is closely correlated with the mining sector which has been going gangbusters. With the recent sell off in commodity prices, the stock has fallen and now is not the time to be in it.

TOP PICK

Numbers are very good. Earnings are up 25%. Their drilling is in the mining industry such as gold and base metals. Trading around 13 X next year's earnings. They will continue to grow.

BUY

This stock has done well. Stock is heading higher. It is a little a head of itself. Buying opportunity at $19.

Showing 46 to 60 of 71 entries

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Major Drilling Group International Inc (MDI.TO)