TD Securities Cuts Major Drilling Group Int’l (TSE:MDI) Price Target to C$5.50

Major Drilling Group Int’l (TSE:MDI) had its target price reduced by TD Securities from C$6.00 to C$5.50 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, Laurentian set a C$6.00 target price on shares of Major Drilling Group Int’l and gave the stock a buy rating in a research note on Tuesday, April 30th.

MDI opened at C$4.01 on Tuesday. The stock has a market capitalization of $329.23 million and a PE ratio of -16.50. The company has a debt-to-equity ratio of 4.92, a current ratio of 3.77 and a quick ratio of 1.95. Major Drilling Group Int’l has a twelve month low of C$3.94 and a twelve month high of C$7.18.

About Major Drilling Group Int’l

Major Drilling Group International Inc primarily provides contract drilling services for mining and mineral exploration companies. It 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 various mine services.

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