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Major Drilling Group International - MDI Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$21.00
  • Forecasted Upside: 30.11%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
C$16.14 As of 10/7/2026 05:30 PM ET
▼ -0.94 (-5.50%)

This chart shows the closing price for MDI by one month, three months, or twelve months.

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Analyst Price Target for MDI

Analyst Price Target is C$21.00
▲ +30.11% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Major Drilling Group International in the last 3 months. The average price target is C$21.00, with a high forecast of C$22.00 and a low forecast of C$20.00. The average price target represents a 30.11% upside from the last price of C$16.14.

This chart shows the closing price for MDI for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 polled investment analysts is to buy stock in Major Drilling Group International.

Past Monthly Recommendations

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/16/2025
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/15/2025
  • 0 strong buy ratings
  • 0 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/13/2025
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/11/2026
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/11/2026
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/10/2026
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
9/8/2026
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/8/2026

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/12/2026TDBoost TargetBuyC$21.00 ➝ C$22.00
6/5/2026Royal Bank Of CanadaSet TargetOutperformC$20.00
2/27/2026TD SecuritiesBoost TargetBuyC$16.00 ➝ C$21.00
2/24/2026Royal Bank Of CanadaBoost TargetOutperformC$17.00 ➝ C$20.00
12/16/2025Royal Bank Of CanadaBoost TargetC$14.00 ➝ C$17.00
12/5/2025TD SecuritiesBoost TargetBuyC$13.00 ➝ C$16.00
12/10/2024Royal Bank Of CanadaLower TargetC$15.00 ➝ C$14.00
9/6/2024TD SecuritiesLower TargetC$14.00 ➝ C$13.00
2/27/2024TD SecuritiesLower TargetBuyC$14.50 ➝ C$14.00
9/8/2022TD SecuritiesLower TargetBuyC$16.00 ➝ C$14.50
6/10/2022Stifel NicolausBoost TargetC$15.00 ➝ C$20.50
6/9/2022TD SecuritiesBoost TargetBuyC$14.00 ➝ C$16.00
6/9/2022Laurentian Bank of CanadaBoost TargetC$14.00 ➝ C$17.50
6/8/2022Royal Bank Of CanadaBoost TargetOutperformC$14.00 ➝ C$15.00
3/7/2022Royal Bank Of CanadaBoost TargetOutperformC$12.00 ➝ C$14.00
3/7/2022TD SecuritiesBoost TargetBuyC$12.50 ➝ C$14.00
12/6/2021Laurentian Bank of CanadaBoost TargetMarket PerformC$13.00
(Data available from 10/8/2021 forward)

News Sentiment Rating

0.83 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

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Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/12/2026
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/11/2026
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/11/2026
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/10/2026
  • 2 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/10/2026
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/9/2026
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/8/2026
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/8/2026

Current Sentiment

  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Major Drilling Group International logo
Major Drilling Group International Inc. is the world's largest provider of drilling services in the metals and mining industry. The diverse needs of the Company's global clientele are met through field operations and registered offices that span across North America, South America, Australia, Asia, Africa, and Europe. Established in 1980, the Company has grown to become a global brand in the mining space, known for tackling many of the world's most challenging drilling projects. Supported by a highly skilled workforce, Major Drilling is led by an experienced senior management team that has steered it through various economic and mining cycles, supported by regional managers known for delivering decades of superior project management.
Read More

Today's Range

Now: C$16.14
Low: C$16.08
High: C$16.94

50 Day Range

MA: C$16.40
Low: C$13.92
High: C$17.76

52 Week Range

Now: C$16.14
Low: C$11.32
High: C$18.70

Volume

104,754 shs

Average Volume

235,777 shs

Market Capitalization

C$1.33 billion

P/E Ratio

50.44

Dividend Yield

0.63%

Beta

1.68882

Frequently Asked Questions

What sell-side analysts currently cover shares of Major Drilling Group International?

The following equities research analysts have issued reports on Major Drilling Group International in the last year: Royal Bank Of Canada, TD, and TD Securities.
View the latest analyst ratings for MDI.

What is the current price target for Major Drilling Group International?

0 Wall Street analysts have set twelve-month price targets for Major Drilling Group International in the last year. Their average twelve-month price target is C$21.00, suggesting a possible upside of 30.1%. TD has the highest price target set, predicting MDI will reach C$22.00 in the next twelve months. Royal Bank Of Canada has the lowest price target set, forecasting a price of C$20.00 for Major Drilling Group International in the next year.
View the latest price targets for MDI.

What is the current consensus analyst rating for Major Drilling Group International?

Major Drilling Group International currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MDI will outperform the market and that investors should add to their positions of Major Drilling Group International.
View the latest ratings for MDI.

What other companies compete with Major Drilling Group International?

Other companies that are similar to Major Drilling Group International include Almonty Industries, Altius Minerals, Pretium Resources, Calibre Mining and Talon Metals. Learn More about companies similar to Major Drilling Group International.

How do I contact Major Drilling Group International's investor relations team?

Major Drilling Group International's physical mailing address is 111 St. George Street, Moncton, NB, E1C 1T7. The company's listed phone number is +1-506-8578636. The official website for Major Drilling Group International is www.majordrilling.com. Learn More about contacing Major Drilling Group International investor relations.