Major Drilling Group Int'l Inc. (TSE:MDI) is scheduled to release its earnings data after the market closes on Wednesday, September 6th. Analysts expect Major Drilling Group Int'l to post earnings of ($0.05) per share for the quarter.

Major Drilling Group Int'l (TSE:MDI) last issued its earnings results on Thursday, June 8th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $81.47 million for the quarter, compared to analyst estimates of $94.30 million. Major Drilling Group Int'l had a negative net margin of 10.10% and a negative return on equity of 8.09%.

Shares of Major Drilling Group Int'l Inc. (MDI) opened at 7.95 on Wednesday. The firm’s market cap is $637.11 million. The stock has a 50 day moving average of $8.20 and a 200-day moving average of $7.86. Major Drilling Group Int'l Inc. has a 52 week low of $5.72 and a 52 week high of $8.69.

Several equities research analysts recently weighed in on MDI shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$8.00 price objective (up previously from C$7.00) on shares of Major Drilling Group Int'l in a research report on Tuesday, June 6th. Paradigm Capital raised shares of Major Drilling Group Int'l from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$8.50 to C$9.75 in a research report on Wednesday, June 7th.

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About Major Drilling Group Int'l

Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.

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