Major Drilling Group International (TSE:MDI) Director Sells C$107,040.00 in Stock

Major Drilling Group International Inc. (TSE:MDI) Director Jo Mark Zurel sold 6,000 shares of Major Drilling Group International stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$17.84, for a total value of C$107,040.00. Following the sale, the director owned 5,600 shares in the company, valued at C$99,904. This represents a 51.72% decrease in their ownership of the stock.

Major Drilling Group International Price Performance

Shares of TSE MDI opened at C$17.96 on Monday. Major Drilling Group International Inc. has a twelve month low of C$8.51 and a twelve month high of C$18.65. The company has a current ratio of 2.43, a quick ratio of 1.92 and a debt-to-equity ratio of 6.32. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of 69.08, a price-to-earnings-growth ratio of 3.45 and a beta of 1.59. The business has a 50 day simple moving average of C$16.81 and a 200-day simple moving average of C$15.64.

Major Drilling Group International (TSE:MDI) last issued its quarterly earnings results on Wednesday, June 10th. The company reported C$0.10 earnings per share for the quarter. Major Drilling Group International had a return on equity of 3.91% and a net margin of 2.40%.The business had revenue of C$233.69 million during the quarter. As a group, equities research analysts expect that Major Drilling Group International Inc. will post 0.5757162 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MDI shares. Royal Bank Of Canada set a C$20.00 price target on Major Drilling Group International and gave the company an “outperform” rating in a report on Friday, June 5th. TD Securities boosted their price target on Major Drilling Group International from C$16.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, TD boosted their price target on Major Drilling Group International from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.