TSE:MDI

Major Drilling Group International Inc (MDI.TO)

14.47
-0.66 (4.36%)
as of Jun 24, 2026, 8:00:00 pm Market Open.
95 watching
0
Investor Insights
star iconJun 24, 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 currently positioned as the largest player in the drilling sector, with recent strategic acquisitions enhancing its market presence. Experts highlight the significant influx of IPOs in the gold mining and copper sectors, indicating a potentially transformative phase for the industry. While the stock is characterized by its cyclical nature, analysts believe the company is on the right side of the cycle, suggesting long-term growth prospects. The company's strong asset quality and recent acquisitions in Australia and Peru further bolster its growth potential. However, investors might need to exercise patience, as optimal selling opportunities may be several years away.

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Consensus
Positive
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Valuation
Undervalued
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HOLD
A major leader in drilling. Priced as if there is a lot of good news going forward. On a long-term secular basis, he still likes material and energies. Right now, prices have reached a point where it is hard to find good value.
BUY
Do both hard rock drilling as well as oil. As metal prices continue to be strong, it's a very attractive sector to be in. If you believe in the China story that metal prices will not only stay strong, but strengthen over the next 5 years, then this is an interesting way to play that.
BUY
Has done well. Stock is right above the 200 day moving average. Believes there will be a move to the upside. Would be good if it could clear the $14/15 area which would be a confirmation.
BUY
Not keen on the oil/gas sector, but the drillers should do very well. Any kind of drilling, oil or metals, should do very well over the next few years.
BUY
The largest hard rock (mining) driller in Canada. Business is really good right now with metals being at record levels. Cyclical, so long term could go down. Running full out now and earnings have to be increasing.
DON'T BUY
Pretty scary chart. Easy money's been made. Be careful.
BUY
Great company. Decent mgmt team. Good cash flow. Very ownable.
PAST TOP PICK
(A Top Pick Nov 16/04. Up 6.5%.) Still likes. Thinks it's correcting. A thin trader, so don't go overboard.
TOP PICK
(A Top Pick Sept 14/04. Up 38%.) Had a huge base from '00 to mid-'03. Had a breakout and dropped down to a huge base during '04, then had a lovely breakout in Sept. Just getting into the 2nd leg. Good for at least 6 months.
TOP PICK
Outlook for commodities should be good for quite a few years. Had a break out and the 1st rally occurred in '03, had a corrective period down but stayed above its previous lows and so is looking for a move up.
WEAK BUY
Should do pretty well in the short term. Long-term, you have to watch the cycle. It's a boom and bust stock. Might be another dollar or two.
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