TSX:MDIMetals and Mining
Major Drilling (TSX:MDI) Stock Faces Margin Friction After Record Quarter
Major Drilling Group International stock closed at CA$16.27 on Thursday, slightly weaker over the past week, even as the company delivered a record quarter that puts those short term jitters in perspective. Q1 fiscal 2027 revenue reached CA$277.3m and net income came in at CA$14.5m, giving earnings per share of CA$0.18.
The real story for long term investors sits in the tension between that earnings momentum and a rich trailing P/E of 51.9x. The market has already marked the stock down in the...