Update shared on 29 Nov 2025
Fair value Decreased 1.52%Analysts have revised their price target for Major Drilling Group International slightly downward from $15.84 to $15.60. They cite higher revenue growth expectations, but also note increased discount rates and a lower forecasted profit margin.
What's in the News
- Zacatecas Silver Corp. signed a new community access agreement at its Zacatecas Silver Project in Mexico and finalized a drill contract with Major Drilling for an initial 4,000 metres of angled diamond drilling (Key Developments).
- Major Drilling will support Zacatecas Silver Corp.'s expansion efforts by mobilizing for drilling upon permit approval. The company aims to target extensions of high-grade mineralization to expand the Mineral Resource Estimate (Key Developments).
- The Board of Directors at Major Drilling authorized a buyback plan on October 17, 2025 (Key Developments).
- Major Drilling announced a share repurchase program to buy back up to 4,097,159 common shares, or 5% of its share capital. The program is valid through October 20, 2026 (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has decreased slightly from CA$15.84 to CA$15.60.
- Discount Rate has risen marginally from 7.11% to 7.14%.
- Revenue Growth Estimate has increased significantly from 6.98% to 19.52%.
- Net Profit Margin Forecast has declined from 6.70% to 5.89%.
- Future P/E Ratio has fallen from 25.48x to 20.47x.
Disclaimer
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