MAJOR DRILLING GROUP INTL (MDI.CA) Forecast, Price Target & Analyst Ratings

TSX:MDI • CA5609091031

Current stock price

18.22 CAD
+0.07 (+0.39%)
Last:

Analyst forecast overview

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

Price Target
CA$21.11
+ 15.88% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jun 9, 2026
Period
Q4 / 2026
EPS Estimate
CA$0.12
Revenue Estimate
229.67M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
82.22%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$21.11
Upside
+ 15.88%
From current price of CA$18.22 to mean target of CA$21.11, Based on 9 analyst forecasts
Low
CA$19.70
Median
CA$21.42
High
CA$23.10

Price Target Revisions

1 Month
11.17%
3 Months
27.78%

Price Target Summary

9 Wall Street analysts provided a forecast for the next 12 months for MDI.CA. The average price target is 21.11 CAD. This implies a price increase of 15.88% is expected in the next year compared to the current price of 18.22.
The average price target has been revised upward by 27.78% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

MDI Current Analyst RatingMDI Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 1 2 3 4 5

Analyst Ratings History

MDI Historical Analyst RatingsMDI Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 2 4 6 8

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.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2025-12-12RED CLOUD KLONDIKE STRIKEMaintains Buy -> Buy
2022-12-12TD ResearchMaintains Buy
2022-09-08TD ResearchDowngrade Buy
2022-06-10Stifel Nicolaus ResearchUpgrade Buy
2022-06-09Laurentian Bank SecuritiesUpgrade Market Perform
2022-06-09TD ResearchUpgrade Buy
2022-06-08RBC RoyalbankUpgrade Outperform
2022-03-07RBC RoyalbankUpgrade Outperform
2022-03-07TD ResearchUpgrade Buy
2021-12-06Laurentian BankUpgrade Market Perform
2021-09-08RBC CapitalReiterate Outperform
2021-09-02RBC CapitalMaintains Outperform
2021-06-17TD SecuritiesUpgrade Buy
2021-06-15RBC CapitalMaintains Outperform
2021-05-19TD SecuritiesUpgrade Buy
2021-05-18Laurentian BankUpgrade Buy
2021-05-18RBC CapitalUpgrade Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jun 9, 2026
Period
Q4 / 2026
EPS Estimate
CA$0.12
Revenue Estimate
229.67M
Revenue Q2Q
22.46%
EPS Q2Q
1,078.37%
Number of Analysts
5

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
3.64%
EPS (1 Month)
0.00%
EPS (3 Months)
-16.66%

Next Earnings Summary

MDI.CA is expected to report earnings on 6/9/2026. The consensus EPS estimate for the next earnings is 0.12 CAD and the consensus revenue estimate is 229.67M CAD.
The next earnings revenue estimate has been revised upward by 3.64% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
MDI.CA revenue by date.MDI.CA revenue by date.
735.742M
13.12%		706.694M
-3.95%		727.579M
2.96%		882.5M
21.29%		964.95M
9.34%		1.076B
11.51%		1.251B
16.26%		1.271B
1.60%
EBITDA
YoY % growth
MDI.CA ebitda by date.MDI.CA ebitda by date.
146.064M
27.07%		125.218M
-14.27%		102.544M
-18.11%		104.86M
2.26%		151.1M
44.10%		160.59M
6.28%		189.42M
17.95%		191.43M
1.06%
EBIT
YoY % growth
MDI.CA ebit by date.MDI.CA ebit by date.
98.586M
38.93%		73.5M
-25.45%		39.025M
-46.90%		43.733M
12.06%		N/AN/AN/AN/A
Operating Margin
MDI.CA operating margin by date.MDI.CA operating margin by date.
13.40%10.40%5.36%4.96%N/AN/AN/AN/A
EPS
YoY % growth
MDI.CA eps by date.MDI.CA eps by date.
0.90
40.63%		0.64
-28.89%		0.31
-51.56%		0.28
-8.77%		0.75
164.29%		0.84
12.16%		0.98
16.58%		0.98

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		0.12
1,078.37%		0.13
9.42%		0.35
107.94%		-0.01
92.23%		0.22
88.57%
Revenue
Q2Q % growth		229.67M
22.46%		234.32M
3.40%		290.88M
19.15%		212.1M
14.88%		268.66M
16.98%
EBITDA
Q2Q % growth		24.356M
-63.06%		30.3M
-9.37%		55.55M
0.36%		14.14M
-63.53%		40.4M
65.87%
EBIT
Q2Q % growth		32.219M
1,233.02%		N/AN/AN/AN/A

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

MDI.CA Yearly Revenue VS EstimatesMDI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
MDI.CA Yearly EPS VS EstimatesMDI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
39.32%
EPS Next 5 Year
25.81%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
12.51%
Revenue Next 5 Year
10.96%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
33.92%
EBIT Next 5 Year
23.41%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

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 21.11 CAD. This implies a price increase of 15.88% is expected in the next year compared to the current price of 18.22.

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 MAJOR DRILLING GROUP INTL (MDI.CA) next earnings?

The consensus EPS estimate for the next earnings of MAJOR DRILLING GROUP INTL (MDI.CA) is 0.12 CAD and the consensus revenue estimate is 229.67M CAD.

How many analysts have analysed MAJOR DRILLING GROUP INTL (MDI.CA)?

The number of analysts covering MAJOR DRILLING GROUP INTL (MDI.CA) is 9.