Update shared on 15 Nov 2025
Narrative Update: Major Drilling Group International Price Target Revised
Analysts have maintained their target price for Major Drilling Group International at $15.84. This reflects steady expectations, despite minor adjustments to underlying discount rates and forecast metrics.
What's in the News
- Zacatecas Silver Corp. has signed a drill contract with Major Drilling for an initial 4,000 metres of diamond drilling at the Zacatecas Silver Project in Mexico, following a new community access agreement. (Client Announcements)
- Major Drilling Group International's Board has authorized a buyback plan, scheduled for October 17, 2025. (Buyback Transaction Announcements)
- The company announced a share repurchase program, authorizing the buyback and cancellation of up to 4,097,159 common shares, or 5% of its share capital, valid until October 20, 2026. (Buyback Transaction Announcements)
Valuation Changes
- Fair Value remains unchanged at CA$15.84 per share.
- Discount Rate increased slightly, moving from 6.71% to 7.11%.
- Revenue Growth is virtually unchanged, holding steady at approximately 6.98%.
- Net Profit Margin remains stable, with no material change from previous forecasts at about 6.70%.
- Future P/E has risen modestly, from 25.19x to 25.48x.
Disclaimer
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