Major Drilling Group International stock | 2026 price target, earnings & valuation

Major Drilling Group...

TSX:MDI

C$ 15,55

+ C$0,28 (1,83%)

15,55 C$

+C$0,28 (1,83%)

End-of-day quote: 03/27/2026

Major Drilling Group International Stock Value

Currently, analysts rate TSX:MDI as Buy.

Buy

Major Drilling Group International Company Info

EPS Growth 5Y

44,96%

Market Cap

C$1,28 B

Long-Term Debt

C$0,03 B

Short Interest

2,03%

Annual earnings

06/06/2026 (E)

Dividend

C$0,00

Dividend Yield

0,00%

Founded

1980

Industry

Industrials

Country

Canada

ISIN Number

CA5609091031

Website

http://www.majordrilling.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$21,00

35.05%

Last Update: 03/29/2026

Analysts: 5

Highest Price Target C$22,00

Average Price Target C$21,00

Lowest Price Target C$19,50

In the last five quarters, Major Drilling Group International’s Price Target has risen from C$10,63 to C$16,30 - a 53,34% increase. Four analysts predict that Major Drilling Group International’s share price will increase in the coming year, reaching C$21,00. This would represent an increase of 35,05%.

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What does Major Drilling Group International do?

Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies. Business Segments The company operates through various business segments, primarily focusing on the specialized drilling services sector. Each segment contributes to the overall success and operational diversity within the mining industry. The company's drilling services include: Surface and Underground Drilling: This segment provides essential coring services that ensure p...

Major Drilling Group International Inc. provides contract drilling services to mining and mineral exploration companies.

Business Segments

The company operates through various business segments, primarily focusing on the specialized drilling services sector. Each segment contributes to the overall success and operational diversity within the mining industry. The company's drilling services include:

Surface and Underground Drilling: This segment provides essential coring services that ensure precise outcomes for mineral exploration and sampling in mining operations. This specialized approach allows for greater accuracy in resource estimation, leading to optimized project planning and execution.

Directional Drilling: The company offers directional drilling techniques that enhance mineral recovery from complex geological formations. This process involves drilling at varied angles, enabling access to harder-to-reach mineral deposits while minimizing the environmental impact associated with traditional drilling approaches.

Geotechnical and Environmental Drilling: Services in this segment are dedicated to the assessment and management of soil and rock properties. The company assists in environmental investigations, ensuring compliance with environmental regulations, thus mitigating risks associated with mining projects.

Water-Well Drilling: This segment addresses the necessity for reliable water supply, which is crucial for mining activities. The company employs advanced drilling techniques to create sustainable water sources for various purposes, including mineral processing and transportation.

Mine Services: The company offers a variety of mine services that focus on improving the efficiency of drilling operations. This includes site preparation, equipment maintenance, and technical consultations aimed at enhancing the overall workflow at mining sites.

Advancements in Technology: The company is focused on integrating innovative technologies into its operations. The recent partnerships with DGI Geoscience and KORE GeoSystems showcase efforts to innovate further. By utilizing AI-driven solutions and advanced data analytics, the company aims to provide enhanced geological information, thereby improving decision-making processes for its customers.

Business Strategy

The business strategy of the company is centered on innovation and strategic partnerships. By positioning itself as a leader in specialized drilling solutions, the company aims to capture growth opportunities in the mining sector. This strategy encompasses several key facets:

Innovation and Technology Integration: The company is staunchly committed to adopting emerging technologies. The recent partnership with DGI Geoscience and KORE GeoSystems represents a significant step towards enhancing operational efficiency using artificial intelligence. By investing in technology that automates processes and enhances data acquisition, the company seeks to provide its clients with real-time insights that enable informed decision-making and promote project acceleration.

Market Expansion: The company’s strategy also includes geographical expansion by establishing a presence in key mining regions worldwide. By maintaining operations in various international locations, the company ensures that it can serve a diverse client base and adapt to varying market demands and regulations.

Customer-Centric Approach: A critical component of the company’s strategy is its focus on building strong, enduring relationships with clients. By understanding client needs and delivering tailored solutions, the company enhances customer satisfaction, leading to repeat business and referrals.

Sustainability and Compliance: The company adheres to rigorous environmental and operational standards, ensuring compliance with local, regional, and global regulations. The company actively develops and implements practices that consider environmental impacts, thereby supporting the sustainability goals of its clients.

Talent Development: Recognizing that a skilled workforce drives success, the company invests in the continuous training and development of its employees. By fostering a culture of safety, professionalism, and continuous improvement, the company enhances its service delivery, ensuring high-quality outcomes for its clients.

Products and Services

The company provides an extensive array of products and services tailored for the mining sector. The company’s offerings are designed to address the unique requirements of mining operations. The primary products and services include:

Diamond Core Drilling: A key service provided by the company, diamond core drilling is crucial for obtaining reliable data on mineral deposits. This process involves drilling with a diamond-tipped drill bit, allowing for high-quality rock samples crucial for geological assessments.

Reverse Circulation Drilling: This method is widely utilized for exploration drilling, particularly for minerals like gold and copper. This service enables rapid sampling and delivers valuable information about subsurface geology.

Sonic Drilling: The company employs sonic drilling techniques to achieve accurate subsurface sampling with minimal disturbance. This method is particularly advantageous in geotechnical and environmental studies.

Geotechnical and Environmental Services: The company offers specialized services that focus on the investigation of soil mechanics and characteristics. This encompasses both subsurface assessments necessary for safe mining operations and compliance with environmental regulations.

Water-Well Drilling: The company secures sustainable water sources essential for mining processes. This service includes both the drilling of wells and ongoing maintenance to ensure water quality and availability.

Mine Services: The company provides an integrated suite of mine services tailored to enhance operational efficiency. These services include logistical support, equipment services, and operational consultations aimed at optimizing mine performance.

Data Solutions: The company recognizes the importance of data in the mining industry. The partnership with DGI Geoscience and KORE GeoSystems enhances the company's ability to provide advanced data acquisition and analytical tools. This integration allows clients to benefit from comprehensive geological insights, significantly impacting project development.

Geographical Markets Served

The company serves a diverse geographical market that spans across several continents, including North America, South America, Asia, Africa, and Australia. This extensive operational reach allows the company to cater to the demands of clients in various mining regions while maintaining compliance with local regulations and practices.

The company's recent strategic partnership with DGI Geoscience and KORE GeoSystems underscores its commitment to enhancing its service offerings. By investing approximately 40% in DGI and KORE for CAD 15 million, the company aims to integrate advanced geological solutions alongside its drilling services.

Seasonality

Seasonality is a factor affecting the company due to fluctuations in mining activities, which typically peak in warmer months. Many mining operations are influenced by environmental conditions, and site accessibility may vary with the seasons. This pattern often results in increased demand for drilling services during specific periods, particularly in regions subjected to harsh weather conditions during winter months.

The company anticipates seasonality in its service requirements and strategically plans its operations to maximize efficiency during peak activity periods.

Customers

The company serves a diverse client base composed of mining companies and exploration firms across various sectors. The company engages with both established mining operations and emerging development projects, providing tailored drilling solutions suited to individual client needs.

Gold Mining Companies: These customers frequently require specialized drilling services for resource exploration, particularly in regions with known mineral potential.

Base Metal Miners: Clients looking to extract copper, zinc, and other base metals often engage the company for both exploration and ongoing development drilling initiatives.

Exploration Firms: Many exploration-focused organizations utilize the company’s services to assess mineral viability in untested regions, leveraging the company's extensive expertise to support their projects.

Environmental Consultancies: Environmental firms rely on the company for geotechnical, environmental, and water-well drilling services, allowing them to fulfill their assessments and regulatory requirements effectively.

Sales and Marketing

The company utilizes a multifaceted approach to sales and marketing tailored to effectively reach its diverse clientele within the mining sector. The company’s strategies encompass several key components:

Direct Sales: The company employs a dedicated sales team responsible for building strong relationships with key decision-makers in targeted mining companies. This team is trained to understand client needs and offer tailored solutions that directly address specific project requirements.

Industry Networking: The company actively engages in industry events, conferences, and exhibitions where it can showcase its capabilities and innovations. Establishing a presence in these forums allows the company to connect with potential clients and partners, facilitating the growth of its network.

Digital Marketing: The company leverages digital marketing strategies to enhance its online visibility. This includes maintaining an informative website, engaging with audiences on social media platforms, and producing content that showcases innovations and successful project outcomes.

Partnerships and Collaborations: Collaborative relationships with key industry stakeholders, including suppliers and technology partners, contribute to expanding the company’s reach. Strategic alliances provide opportunities to access new markets and integrate advanced technologies into its offerings.

Customer Testimonials and Case Studies: The company utilizes testimonials and case studies from satisfied clients to demonstrate its expertise and service effectiveness. This approach builds credibility and showcases the successful impact of its drilling solutions.

History

Major Drilling Group International Inc. was founded in 1980.

Major Drilling Group International Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Mining Industry:** 85% **Energy and Environment:** 10% **Other Services:** 5% **TOP 3 Markets:** 1. **Canada:** 40% 2. **Australia:** 25% 3. **Latin America:** 20% Major Drilling Group International Inc. generates the majority of its revenue from the mining industry, attributed to...

At which locations are the company’s products manufactured?

**Production Sites:** Globally distributed, with a focus on North and South America, Asia, and Africa. Major Drilling Group International Inc. is a leading company in the field of drilling services for the mining industry. The company does not produce physical products in the traditional sense, but...

What strategy does Major Drilling Group International pursue for future growth?

**Revenue Growth:** Estimated at 5-7% annually (2026) **Strategic Focus Areas:** 1. **Geographical Expansion:** Major Drilling Group International Inc. is focusing on expanding its presence in high-growth regions such as South America and Africa. These markets offer significant opportunities due to...

Which raw materials are imported and from which countries?

**Main Imported Raw Materials:** Drilling equipment, spare parts, consumables **Countries of Origin:** USA, Canada, China Major Drilling Group International Inc. is a leading company in the field of drilling services for the mining industry. The company mainly imports specialized drilling equipme...

How strong is the company’s competitive advantage?

**Market Share:** 25% (estimated 2026) **EBITDA Margin:** 18% (2025) **R&D Expenses:** 5% of revenue (2025) Major Drilling Group International Inc. has established itself as one of the leading providers in the field of drilling services for the mining industry. With an estimated market shar...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 70% (estimated for 2026) **Insider Buys/Sells:** No significant transactions in the last quarter (estimated for 2026) The institutional investor share in Major Drilling Group International Inc. is estimated to be around 70%. This suggests that the c...

What percentage market share does Major Drilling Group International have?

**Market share of Major Drilling Group International Inc.:** 12% (estimated, 2026) **Top competitors and their market shares:** 1. **Boart Longyear:** 18% 2. **Foraco International SA:** 15% 3. **Major Drilling Group International Inc.:** 12% 4. **Geodrill Limited:** 10% 5. **Layne Christensen Com...

Is Major Drilling Group International stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **EBITDA Margin:** 18.2% (2025) **Debt Ratio:** 0.35 (2025) Major Drilling Group International Inc. recorded a revenue growth of 8.5% in 2025, attributed to strong demand in the mining sector and an expansion of its services. The EBITDA margin of 18.2% indicates that...

Does Major Drilling Group International pay a dividend – and how reliable is the payout?

**Dividend payment:** Yes, Major Drilling Group International Inc. pays a dividend. **Dividend yield:** 1.5% (2026, estimated) **Dividend history:** Irregular, dependent on business conditions. Major Drilling Group International Inc. has paid dividends in the past, but not regularly. Payouts ar...

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Major Drilling Group International Stock Value

Major Drilling Group International Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Major Drilling Group International do?

Major Drilling Group International Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Major Drilling Group International Stock Value

Major Drilling Group International Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Major Drilling Group International do?

Major Drilling Group International Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.