Major Drilling Group International (TSE:MDI) Reaches New 12-Month High at $10.39

Major Drilling Group International Inc. (TSE:MDI) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.39 and last traded at C$10.32, with a volume of 8983 shares traded. The stock had previously closed at C$10.24.

Analyst Ratings Changes

Separately, TD Securities lowered their price target on Major Drilling Group International from C$14.50 to C$14.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th.

Major Drilling Group International Stock Performance

The stock has a market cap of C$804.00 million, a PE ratio of 12.77, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65. The company has a quick ratio of 1.92, a current ratio of 3.75 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average price of C$9.40 and a 200 day moving average price of C$8.66.

Major Drilling Group International (TSE:MDI) last posted its earnings results on Thursday, February 29th. The company reported C($0.03) earnings per share (EPS) for the quarter. Major Drilling Group International had a net margin of 8.84% and a return on equity of 14.08%. The company had revenue of C$132.82 million during the quarter. As a group, research analysts forecast that Major Drilling Group International Inc. will post 0.7846515 earnings per share for the current year.

About Major Drilling Group International

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.