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Investor Insights

This summary was created by AI, based on 6 opinions in the last 12 months.

Experts are bullish on Major Drilling Group International Inc, stating it is the top mining services company globally, well-positioned for the strong commodities cycle, with excess cash on the balance sheet and low debt. The company is seen as a good long-term investment, benefitting from rising demand for gold and copper. It is regarded as a leading exploration driller for metals worldwide, with a strong outlook for the business and a target price of $14. Overall, it is considered a competitive and attractive firm with potential for the long term.

Consensus
Bullish
Valuation
Undervalued
PAST TOP PICK
(A Top Pick Jul 20/23, Down 2%)

He likes the resource industry, mainly metals. It is a good way to play the sector without having the risk of which mines will work. It has no debt, lots of cash and is buying back stock. He has a $14 to $15 target price. 

mining services
HOLD

Mining services company across the globe. Excellent small company to hold for the long term. Expecting strong commodities cycle going forward. Excess cash on the balance sheet. Paying down debt. If demand for gold and copper rises, will benefit from drilling services demand. Good stock to hold for the long term. 

mining services
BUY

Leading exploration driller for metals worldwide. Demand for copper and gold not going away. Well placed for commodity demand. No debt on cap table. Very good outlook for business. Would recommend buying. Cyclical business by nature, but overall - a good business. Target price is $14. Owns shares in portfolio. 

mining services
BUY

A way to play the miners, as it does drilling for companies while being agnostic to what it's drilling for, giving exposure to the whole sector. True, commodity prices have backed off, and equity markets for raising capital haven't been the most favourable. When the sector turns, in very good shape to take advantage of demand for 5-10 years. Reduced debt to nothing, buying back stock.

mining services
BUY

Industry sees them as a well-regarded, very competitive firm. He doesn't normally own process and service stocks. No objection to someone adding. Pretty attractive margins and market share.

mining services
TOP PICK

Picks and shovels again. Leading driller for exploration on the planet. If the EV revolution happens, there will be more and more exploration drilling. The whole electric grid needs replacing. $50M in cash, no debt. Trades at 10x earnings. A home run swing. No dividend.

(Analysts’ price target is $16.30)
mining services
BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

At 11X forward earnings with net cash and good growth expected this year, we don't think much has really changed here. The company expects to report on May 23. Being so close to earnings, we might prefer to just wait and act on more information once earnings are released butdon't see much reason for a view to change on the name overall.
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mining services
BUY
Demand for base metals is likely to continue strong as we move to clean energy. Day rates and margins are quite strong.
mining services
BUY
Lately, commodities prices like copper have come off. This is heading to $20 due to demand, and there hasn't been mineral exploration for 10 years. There are only 3 major copper mines being built in the world. MDI is a great buy during this pullback and is on his list.
mining services
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.
mining services
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

mining services
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.
mining services
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.
mining services
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.
mining services
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.
mining services
Showing 1 to 15 of 65 entries

Major Drilling Group International Inc(MDI-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Major Drilling Group International Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Major Drilling Group International Inc(MDI-T) Frequently Asked Questions

What is Major Drilling Group International Inc stock symbol?

Major Drilling Group International Inc is a Canadian stock, trading under the symbol MDI-T on the Toronto Stock Exchange (MDI-CT). It is usually referred to as TSX:MDI or MDI-T

Is Major Drilling Group International Inc a buy or a sell?

In the last year, 5 stock analysts published opinions about MDI-T. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Major Drilling Group International Inc.

Is Major Drilling Group International Inc a good investment or a top pick?

Major Drilling Group International Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Major Drilling Group International Inc.

Why is Major Drilling Group International Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Major Drilling Group International Inc worth watching?

5 stock analysts on Stockchase covered Major Drilling Group International Inc In the last year. It is a trending stock that is worth watching.

What is Major Drilling Group International Inc stock price?

On 2024-07-12, Major Drilling Group International Inc (MDI-T) stock closed at a price of $9.3.