TD Securities Boosts Major Drilling Group Int’l (TSE:MDI) Price Target to C$8.00

Major Drilling Group Int’l (TSE:MDI) had its price objective increased by TD Securities from C$6.50 to C$8.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Beacon Securities upgraded Major Drilling Group Int’l from a hold rating to a buy rating in a research note on Tuesday, September 10th.

Shares of MDI stock opened at C$6.58 on Wednesday. Major Drilling Group Int’l has a fifty-two week low of C$3.89 and a fifty-two week high of C$6.78. The firm has a market capitalization of $507.50 million and a price-to-earnings ratio of -54.83. The company has a debt-to-equity ratio of 5.89, a quick ratio of 1.78 and a current ratio of 3.24. The stock’s 50-day simple moving average is C$5.88 and its 200-day simple moving average is C$4.68.

Major Drilling Group Int’l Company Profile

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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