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

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

Major Drilling Group International Trading Up 0.9%

Major Drilling Group International stock opened at C$14.93 on Friday. Major Drilling Group International Inc. has a 12 month low of C$8.57 and a 12 month high of C$18.70. The company has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth ratio of 3.45 and a beta of 1.59. The business’s fifty day simple moving average is C$16.44 and its two-hundred day simple moving average is C$15.80. The company has a current ratio of 2.43, a quick ratio of 1.92 and a debt-to-equity ratio of 6.32.

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. The firm 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%. As a group, equities analysts predict that Major Drilling Group International Inc. will post 0.5757162 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDI has been the subject of several recent analyst reports. TD lifted their target price on shares of Major Drilling Group International from C$21.00 to C$22.00 and gave the stock a “buy” rating in a report on Friday, June 12th. TD Securities increased their price target on shares of 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, Royal Bank Of Canada set a C$20.00 price target on shares of Major Drilling Group International and gave the company an “outperform” rating in a research report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average 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.