Marc Landry Buys 1,000 Shares of Major Drilling Group International (TSE:MDI) Stock

Major Drilling Group International Inc. (TSE:MDI) insider Marc Landry bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of C$14.89 per share, with a total value of C$14,890.00. Following the acquisition, the insider directly owned 10,400 shares in the company, valued at C$154,856. The trade was a 10.64% increase in their position.

Major Drilling Group International Trading Up 2.3%

TSE:MDI traded up C$0.33 during trading hours on Thursday, reaching C$14.80. 189,809 shares of the stock were exchanged, compared to its average volume of 265,309. The company has a quick ratio of 1.92, a current ratio of 2.43 and a debt-to-equity ratio of 6.32. The business has a 50-day moving average of C$16.56 and a two-hundred day moving average of C$15.80. Major Drilling Group International Inc. has a twelve month low of C$8.57 and a twelve month high of C$18.70. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 3.45 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Securities increased their price target 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 report on Friday, February 27th. TD lifted their price objective on shares of Major Drilling Group International from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday, June 12th. 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 investment 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.

About Major Drilling Group International

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.