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

Major Drilling Group International Inc. (TSE:MDI) Director Jo Mark Zurel sold 6,000 shares of the business’s stock in a transaction dated 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 owned 5,600 shares in the company, valued at C$99,904. The trade was a 51.72% decrease in their ownership of the stock.

Major Drilling Group International Stock Performance

MDI opened at C$17.96 on Friday. The firm has a market capitalization of C$1.48 billion, a PE ratio of 99.78, a PEG ratio of 3.45 and a beta of 1.59. Major Drilling Group International Inc. has a twelve month low of C$8.51 and a twelve month high of C$18.65. The firm’s 50-day moving average price is C$16.81 and its 200 day moving average price is C$15.62. 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 posted its quarterly earnings results on Wednesday, June 10th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$233.69 million for the quarter. Major Drilling Group International had a net margin of 2.40% and a return on equity of 3.91%. As a group, sell-side analysts expect that Major Drilling Group International Inc. will post 0.5757162 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MDI shares. TD Securities lifted their target price on shares of Major Drilling Group International from C$16.00 to C$21.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. TD lifted 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 research note on Friday. Finally, 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 research note on Friday, June 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Major Drilling Group International currently has an average rating of “Buy” and a consensus price target 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.