MAJOR DRILLING GROUP INTL (MDI.CA) Forecast, Price Target & Analyst Ratings
TSX:MDI • CA5609091031
16.61 CAD
-0.17 (-1.01%)
Last: Mar 12, 2026, 07:00 PM
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for MAJOR DRILLING GROUP INTL (MDI.CA).
Forecast Snapshot
Consensus Price Target
CA$18.99
+ 14.34% Upside
Next Earnings Forecast
Release DateJun 9, 2026
PeriodQ4 / 2026
EPS EstimateCA$0.11
Revenue Estimate223.04M
ChartMill Buy Consensus
82.22%
Weighted Analyst Rating Score
Price Target Details & History
Consensus Price Target and Range
Mean target
CA$18.99
Upside
+ 14.34%
From current price of CA$16.61 to mean target of CA$18.99, Based on 9 analyst forecasts
Low
CA$16.16
Median
CA$19.48
High
CA$22.05
Price Target Revisions
1 Month
10.83%
3 Months
14.94%
Price Target Summary
9 Wall Street analysts provided a forecast for the next 12 months for MDI.CA. The average price target is 18.99 CAD. This implies a price increase of 14.34% is expected in the next year compared to the current price of 16.61.
The average price target has been revised upward by 14.94% in the past 3 months.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
82.22%
MDI.CA was analyzed by 9 analysts. The buy percentage consensus is at 82. So analysts seem to be very confident about MDI.CA.
In the previous month the buy percentage consensus was at a similar level.
MDI.CA was analyzed by 9 analysts. More opinions would make the average more meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2025-12-12 | RED CLOUD KLONDIKE STRIKE | Maintains | Buy -> Buy |
| 2022-12-12 | TD Research | Maintains | Buy |
| 2022-09-08 | TD Research | Downgrade | Buy |
| 2022-06-10 | Stifel Nicolaus Research | Upgrade | Buy |
| 2022-06-09 | Laurentian Bank Securities | Upgrade | Market Perform |
| 2022-06-09 | TD Research | Upgrade | Buy |
| 2022-06-08 | RBC Royalbank | Upgrade | Outperform |
| 2022-03-07 | RBC Royalbank | Upgrade | Outperform |
| 2022-03-07 | TD Research | Upgrade | Buy |
| 2021-12-06 | Laurentian Bank | Upgrade | Market Perform |
| 2021-09-08 | RBC Capital | Reiterate | Outperform |
| 2021-09-02 | RBC Capital | Maintains | Outperform |
| 2021-06-17 | TD Securities | Upgrade | Buy |
| 2021-06-15 | RBC Capital | Maintains | Outperform |
| 2021-05-19 | TD Securities | Upgrade | Buy |
| 2021-05-18 | Laurentian Bank | Upgrade | Buy |
| 2021-05-18 | RBC Capital | Upgrade | Outperform |
Next Earnings Forecast Details
Next Earnings Details
Release DateJun 9, 2026
PeriodQ4 / 2026
EPS EstimateCA$0.11
Revenue Estimate223.04M
Revenue Q2Q18.93%
EPS Q2Q985.75%
Number of Analysts5
Next Earnings Revisions
Revenue (1 Month)
0.00%
Revenue (3 Months)
6.34%
EPS (1 Month)
-27.27%
EPS (3 Months)
-566.70%
Next Earnings Summary
MDI.CA is expected to report earnings on 6/9/2026. The consensus EPS estimate for the next earnings is 0.11 CAD and the consensus revenue estimate is 223.04M CAD.
The next earnings revenue estimate has been revised upward by 6.34% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | ||
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 735.742M 13.12% | 706.694M -3.95% | 727.579M 2.96% | 882.69M 21.32% | 971.55M 10.07% | 1.193B 22.79% | 1.251B 4.86% | 1.271B 1.60% | |
| EBITDA YoY % growth | 146.064M 27.07% | 125.218M -14.27% | 102.544M -18.11% | 108.78M 6.08% | 151.1M 38.90% | 160.59M 6.28% | 189.42M 17.95% | 191.43M 1.06% | |
| EBIT YoY % growth | 98.586M 38.93% | 73.5M -25.45% | 39.025M -46.90% | 49.894M 27.85% | N/A | N/A | N/A | N/A | |
| Operating Margin | 13.40% | 10.40% | 5.36% | 5.65% | N/A | N/A | N/A | N/A | |
| EPS YoY % growth | 0.90 40.63% | 0.64 -28.89% | 0.31 -51.56% | 0.33 6.70% | 0.72 118.83% | 0.86 18.60% | 0.98 13.84% | 0.98 |
All data in CAD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q4 / 26 | Q1 / 27 | |
|---|---|---|
| EPS Q2Q % growth | 0.11 985.75% | 0.13 9.42% |
| Revenue Q2Q % growth | 223.04M 18.93% | 234.32M 3.40% |
| EBITDA Q2Q % growth | 25.957M -60.63% | 30.3M -9.37% |
| EBIT Q2Q % growth | 32.219M 1,233.02% | N/A |
All data in CAD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
40.43%
EPS Next 5 Year
25.81%
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
16.45%
Revenue Next 5 Year
10.96%
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
33.92%
EBIT Next 5 Year
23.41%
MAJOR DRILLING GROUP INTL / MDI.CA Forecast FAQ
What do analysts expect the price target to be for MAJOR DRILLING GROUP INTL (MDI.CA)?
9 analysts have analysed MDI.CA and the average price target is 18.99 CAD. This implies a price increase of 14.34% is expected in the next year compared to the current price of 16.61.
When does MAJOR DRILLING GROUP INTL (MDI.CA) report earnings?
MAJOR DRILLING GROUP INTL (MDI.CA) will report earnings on 2026-06-09.
What are the consensus estimates for MDI stock next earnings?
The consensus EPS estimate for the next earnings of MAJOR DRILLING GROUP INTL (MDI.CA) is 0.11 CAD and the consensus revenue estimate is 223.04M CAD.
What is the expected long term growth rate for MAJOR DRILLING GROUP INTL (MDI.CA)?
The expected long term growth rate for MAJOR DRILLING GROUP INTL (MDI.CA) is 16.45%.