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Major Drilling Group International Inc

MDI-T

TSE:MDI

8.03
0.04 (0.50%)
Major Drilling Group International Inc. is one of the world’s largest drilling & mine service companies primarily serving the mining industry.
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Analysis and Opinions about MDI-T

Signal
Opinion
Expert
Chart
BUY
BUY
July 12, 2021
He has been buying on this pull back. It continues to be in the sweet spot. They pulled back because of a one time bid to purchase a lot of consumables that will last for the next 14 months. He thinks the next quarter will see it improve.
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He has been buying on this pull back. It continues to be in the sweet spot. They pulled back because of a one time bid to purchase a lot of consumables that will last for the next 14 months. He thinks the next quarter will see it improve.
Jamie Murray
Price
$8.220
Owned
Yes
TOP PICK
TOP PICK
May 20, 2021
We need more things that come come out of the ground. World leader. Cheap. Just bought an Australian company. Not bogged down with debt, competitors are. In every commodity cycle it's gone over $20, and he thinks it will again. No dividend. (Analysts’ price target is $11.75)
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We need more things that come come out of the ground. World leader. Cheap. Just bought an Australian company. Not bogged down with debt, competitors are. In every commodity cycle it's gone over $20, and he thinks it will again. No dividend. (Analysts’ price target is $11.75)
Bruce Murray
Price
$10.700
Owned
Yes
TOP PICK
TOP PICK
March 11, 2021
If you like basic materials, and think that they'll be in short supply, you want to participate in the picks and shovels. A mid-cap that looks good heading into a commodity cycle. No dividend. (Analysts’ price target is $10.00)
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If you like basic materials, and think that they'll be in short supply, you want to participate in the picks and shovels. A mid-cap that looks good heading into a commodity cycle. No dividend. (Analysts’ price target is $10.00)
David Burrows
Price
$7.690
Owned
No
WATCH
WATCH
August 14, 2017

As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.

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As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.

Benj Gallander
Price
$8.150
Owned
Yes
TOP PICK
TOP PICK
June 10, 2016

This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.

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This is basically the canary in the mineshaft for the mining space. The miners have done really well, so this is the major way to play the recovery and resurgence of interest in the mining sector.

Bill Carrigan
Price
$7.010
Owned
No
COMMENT
COMMENT
April 20, 2016

He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.

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He wishes he had bought into this. Clean, clean balance sheet. Good management. They eliminated the dividend, which was probably a smart move. A leader in the field and thinks it will survive. It has potential to do better than a double from here, but it could get hit in the short term.

SELL
SELL
August 11, 2014

The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.

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The drillers have all had a little bit of problem recently. This one is a little bit more exposed to the mining side, which continues to be very, very challenged. If you want a drilling company, he would prefer CanElson Drilling (CDI-T), which has done a good job. Has exposure to Mexico, North Dakota and Canada. Also, has a dividend yield of about 4%.

DON'T BUY
DON'T BUY
October 10, 2013

(Market call Minute) Prefers equipment space, not the drillers.

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(Market call Minute) Prefers equipment space, not the drillers.

David Burrows
Price
$7.150
Owned
No
HOLD
HOLD
September 13, 2013

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.)

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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.)

Alice Tsang
Price
$7.280
Owned
Unknown
SELL
SELL
April 22, 2013

(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.

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(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.

John Stephenson
Price
$7.140
Owned
Unknown
COMMENT
COMMENT
October 15, 2012

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.

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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
HOLD
August 30, 2012

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.

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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
COMMENT
August 7, 2012

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

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

David Baskin
Price
$10.050
Owned
No
WATCH
WATCH
August 3, 2012

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.

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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.

Michael Giordano
Price
$9.900
Owned
Unknown
BUY
BUY
July 31, 2012

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.

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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.

Barry Schwartz
Price
$10.170
Owned
No
Showing 1 to 15 of 49 entries

Major Drilling Group International Inc(MDI-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

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, 1 stock analyst published opinions about MDI-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Jamie Murray on 2021-07-12. 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?

1 stock analyst 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 2021-07-23, Major Drilling Group International Inc (MDI-T) stock closed at a price of $8.03.