Major Drilling Group International (TSE:MDI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Posted by Tyrone Williams on Jan 2nd, 2026

Shares of Major Drilling Group International Inc. (TSE:MDI – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.90 and traded as high as C$13.06. Major Drilling Group International shares last traded at C$12.90, with a volume of 139,471 shares trading hands.

Wall Street Analysts Forecast Growth

MDI has been the subject of several analyst reports. TD Securities increased their target price on shares of Major Drilling Group International from C$13.00 to C$16.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Royal Bank Of Canada lifted their price target on shares of Major Drilling Group International from C$14.00 to C$17.00 in a report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$16.50.

Read Our Latest Stock Report on MDI

Major Drilling Group International Price Performance

The firm has a 50-day moving average of C$12.75 and a 200-day moving average of C$10.92. The stock has a market cap of C$1.06 billion, a PE ratio of 67.89, a PEG ratio of 3.45 and a beta of 1.00. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.

Major Drilling Group International Company Profile

(Get Free Report)

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.