TD Securities Trims Major Drilling Group International (TSE:MDI) Target Price to C$13.00

Major Drilling Group International (TSE:MDI) had its price objective decreased by TD Securities from C$14.00 to C$13.00 in a research note published on Friday morning, BayStreet.CA reports.

Major Drilling Group International Stock Performance

MDI opened at C$7.47 on Friday. The business has a 50 day moving average price of C$9.18 and a two-hundred day moving average price of C$9.17. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.35 and a quick ratio of 1.92. The company has a market capitalization of C$611.34 million, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65. Major Drilling Group International has a 1-year low of C$6.81 and a 1-year high of C$10.39.

Major Drilling Group International (TSE:MDI) last announced its quarterly earnings data on Tuesday, June 11th. The company reported C$0.12 earnings per share for the quarter. Major Drilling Group International had a return on equity of 9.65% and a net margin of 6.76%. The business had revenue of C$168.04 million during the quarter. Research analysts predict that Major Drilling Group International will post 0.8097768 EPS for the current fiscal year.

Insider Buying and Selling at Major Drilling Group International

In other Major Drilling Group International news, Senior Officer Benjamin Luke Graham bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average cost of C$8.76 per share, with a total value of C$175,200.00. In related news, Senior Officer John Ross Davies sold 4,968 shares of Major Drilling Group International stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of C$8.91, for a total value of C$44,264.88. Also, Senior Officer Benjamin Luke Graham acquired 20,000 shares of Major Drilling Group International stock in a transaction on Friday, June 21st. The shares were purchased at an average cost of C$8.76 per share, with a total value of C$175,200.00. In the last three months, insiders acquired 21,645 shares of company stock valued at $189,908. 0.32% of the stock is owned by insiders.

Major Drilling Group International Company Profile

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.