Jo Mark Zurel Sells 6,000 Shares of Major Drilling Group International (TSE:MDI) Stock

Major Drilling Group International Inc. (TSE:MDI) Director Jo Mark Zurel sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$17.84, for a total transaction of C$107,040.00. Following the transaction, the director directly owned 5,600 shares in the company, valued at C$99,904. This represents a 51.72% decrease in their ownership of the stock.

Major Drilling Group International Stock Up 2.1%

Shares of MDI opened at C$17.96 on Friday. Major Drilling Group International Inc. has a 12 month low of C$8.51 and a 12 month high of C$18.65. The firm’s 50 day moving average is C$16.81 and its 200-day moving average is C$15.62. The stock has a market capitalization of C$1.48 billion, a PE ratio of 99.78, a P/E/G ratio of 3.45 and a beta of 1.59. The company has a current ratio of 2.43, a quick ratio of 1.92 and a debt-to-equity ratio of 6.32.

Major Drilling Group International (TSE:MDI) last announced its earnings results on Wednesday, June 10th. The company reported C$0.10 EPS for the quarter. Major Drilling Group International had a net margin of 2.40% and a return on equity of 3.91%. The company had revenue of C$233.69 million for the quarter. Equities research analysts forecast that Major Drilling Group International Inc. will post 0.5757162 EPS for the current year.

Analyst Ratings Changes

MDI has been the topic of several recent research reports. Royal Bank Of Canada set a C$20.00 target price on shares of Major Drilling Group International and gave the stock an “outperform” rating in a report on Friday, June 5th. TD raised their target price on shares of Major Drilling Group International from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday. Finally, TD Securities lifted their price objective on shares of Major Drilling Group International from C$16.00 to C$21.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Major Drilling Group International presently has a consensus rating of “Buy” and an average target price of C$21.00.

Major Drilling Group International Company Profile

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.