Eight Capital Upgrades Major Drilling Group Int'l Inc. (MDI) to “Buy”
Several other analysts also recently weighed in on MDI. Royal Bank Of Canada restated a “sector perform” rating and issued a C$8.00 price target (up previously from C$7.00) on shares of Major Drilling Group Int'l in a research note on Tuesday, June 6th. Paradigm Capital upgraded Major Drilling Group Int'l from a “hold” rating to a “buy” rating and upped their price target for the stock from C$8.50 to C$9.75 in a research note on Wednesday, June 7th. TD Securities downgraded Major Drilling Group Int'l from a “buy” rating to a “hold” rating and cut their price target for the stock from C$9.50 to C$9.00 in a research note on Friday, September 8th. Finally, Beacon Securities downgraded Major Drilling Group Int'l from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Major Drilling Group Int'l presently has an average rating of “Hold” and an average price target of C$8.44.
Major Drilling Group Int'l (MDI) opened at 7.35 on Wednesday. Major Drilling Group Int'l has a 12-month low of $5.72 and a 12-month high of $8.69. The stock has a 50 day moving average price of $7.79 and a 200-day moving average price of $7.80. The company’s market cap is $590.20 million.
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In related news, Director David Buchanan Tennant purchased 4,400 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were bought at an average price of C$7.06 per share, for a total transaction of C$31,064.00. Insiders purchased a total of 12,475 shares of company stock worth $86,677 in the last 90 days.
About Major Drilling Group Int'l
Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.
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