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

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.

Showing 61 to 71 of 71 entries

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Major Drilling Group International Inc (MDI.TO)