FY2018 EPS Estimates for Major Drilling Group Int'l Inc. (MDI) Reduced by Beacon Securities

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Major Drilling Group Int'l Inc. (TSE:MDI) – Analysts at Beacon Securities cut their FY2018 earnings estimates for Major Drilling Group Int'l in a note issued to investors on Thursday. Beacon Securities analyst A. Shaath now expects that the brokerage will post earnings of $0.25 per share for the year, down from their previous forecast of $0.29. Beacon Securities currently has a “Buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. TD Securities raised shares of Major Drilling Group Int'l from a “hold” rating to a “buy” rating and upped their target price for the company from C$6.00 to C$9.00 in a report on Friday, June 10th. Royal Bank Of Canada upped their target price on shares of Major Drilling Group Int'l from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, June 20th.
Shares of Major Drilling Group Int'l (TSE:MDI) traded down 4.84% on Friday, reaching $6.88. 37,045 shares of the company were exchanged. The stock has a 50 day moving average of $7.43 and a 200-day moving average of $7.14. Major Drilling Group Int'l has a 52-week low of $3.55 and a 52-week high of $8.09. The company’s market capitalization is $551.34 million.

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About Major Drilling Group Int'l
Major Drilling Group International Inc is a drilling service company primarily serving the mining industry. The Company is engaged in contract drilling for companies primarily involved in mining and mineral exploration. The Company has operations in Canada, the United States, South and Central America, Australia, Asia and Africa.

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