Major Drilling Group International (TSE:MDI) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Posted by Linda Flegge on Jun 6th, 2026

Shares of Major Drilling Group International Inc. (TSE:MDI – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$15.43 and traded as high as C$18.22. Major Drilling Group International shares last traded at C$17.88, with a volume of 273,036 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. TD Securities raised their price objective 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. Royal Bank Of Canada set a C$20.00 price objective on shares of Major Drilling Group International and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$20.50.

View Our Latest Stock Analysis on MDI

Major Drilling Group International Stock Down 6.4%

The stock has a 50 day moving average price of C$16.67 and a 200 day moving average price of C$15.44. The company has a market capitalization of C$1.37 billion, a P/E ratio of 92.94, a PEG ratio of 3.45 and a beta of 1.59. The company has a debt-to-equity ratio of 7.68, a quick ratio of 1.92 and a current ratio of 2.71.

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.