Major Drilling Group International (TSE:MDI) Reaches New 52-Week High – What’s Next?

Posted by Renee Jackson on Jan 27th, 2026

Major Drilling Group International Inc. (TSE:MDI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.00 and last traded at C$16.04, with a volume of 605156 shares changing hands. The stock had previously closed at C$15.71.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MDI shares. Royal Bank Of Canada increased their price objective on shares of Major Drilling Group International from C$14.00 to C$17.00 in a report on Tuesday, December 16th. TD Securities increased their price target on shares of Major Drilling Group International from C$13.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$16.50.

Read Our Latest Research Report on Major Drilling Group International

Major Drilling Group International Stock Performance

The stock has a market capitalization of C$1.32 billion, a price-to-earnings ratio of 84.42, a price-to-earnings-growth ratio of 3.45 and a beta of 1.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92. The stock has a 50-day moving average of C$13.48 and a 200 day moving average of C$11.59.

Major Drilling Group International Company Profile

(Get Free Report)

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.