Major Drilling Group International Inc. (MJDLF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Major Drilling Group International Inc. (MJDLF) trades at $12.22 with AI Score 43/100 (Grade C). Major Drilling Group International Inc. provides contract drilling services to the mining and mineral exploration industries. Market cap: $1.01B, Sector: Basic materials.
Price as of Aug 20, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for MJDLF: MJDLF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates MJDLF against Basic Materials peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
MJDLF: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Major Drilling Group International Inc. (MJDLF) Materials & Commodity Exposure
Major Drilling Group International Inc. is a leading provider of specialized drilling services to the mining and mineral exploration sectors, offering a diverse range of solutions including surface and underground coring, and operating across multiple continents, positioning it as a key player in the global resource extraction value chain.
What Is the Investment Thesis for MJDLF?
Major Drilling Group International Inc. presents a compelling investment case based on its established market position and diversified service offerings. The company's global presence allows it to capitalize on mining and exploration activities across various regions. A key value driver is the increasing demand for minerals and metals, driven by infrastructure development and the transition to renewable energy. The company's high Beta of 1.39 suggests higher volatility compared to the market. Upcoming catalysts include potential increases in mining exploration budgets and successful contract renewals. However, investors should be aware of risks such as fluctuations in commodity prices and geopolitical instability in regions where Major Drilling operates.
Based on FMP financials and quantitative analysis
MJDLF Key Highlights
Market capitalization of $1.01B, reflecting its significant presence in the drilling services market.
- P/E ratio of 58.0, indicating the price investors are willing to pay for each dollar of earnings.
- Gross margin of 14.9%, showcasing the profitability of its drilling services after accounting for direct costs.
- Employs 3462 individuals globally, demonstrating the scale of its operations and service delivery capabilities.
- Beta of 1.39, suggesting the stock is more volatile than the overall market.
Who Are MJDLF's Competitors?
MJDLF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CTJHF CITIC Resources Holdings Limited | $0.05 | +0.00% | $393M | 59 |
| IBJHF Ibstock plc | $1.70 | +0.00% | $672M | 45 |
| ICHMF ISE Chemicals Corporation | $24.73 | +0.00% | $1.26B | 62 |
| CMP Compass Minerals International, Inc. | $24.62 | -4.20% | $1.03B | 53 |
| NCKAF Nickel Asia Corporation | $0.08 | -1.13% | $1.10B | 56 |
| AZRMF Azure Minerals Limited | $2.00 | +72.41% | $1.12B | 56 |
| MLXEF Metals X Limited | $1.27 | -3.05% | $1.13B | 57 |
| AMVMF AMG Critical Materials N.V. | $40.01 | +2.34% | $1.42B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are MJDLF's Key Strengths?
Global presence and diversified operations.
- Comprehensive suite of drilling services.
- Strong relationships with major mining companies.
- Experienced management team.
What Are MJDLF's Weaknesses?
Exposure to commodity price fluctuations.
- Dependence on mining exploration budgets.
- High P/E ratio relative to peers.
- Low profit margin.
What Could Drive MJDLF Stock Higher?
Potential increase in mining exploration budgets due to rising commodity prices.
- Successful contract renewals with major mining clients.
- Expansion into new geographic markets with significant mineral deposits.
- Adoption of advanced drilling technologies to improve efficiency.
- Strategic acquisitions to expand market share and service offerings.
What Are the Key Risks for MJDLF?
Rich valuation — a P/E of 58.0 runs well above the Basic Materials sector’s ~22x, leaving little room for a miss.
- Fluctuations in commodity prices impacting mining exploration activity.
- Geopolitical instability in regions where Major Drilling operates.
- Increased competition from other drilling service providers.
- Environmental regulations and sustainability concerns.
- Economic downturns impacting mining activity.
What Are the Growth Opportunities for MJDLF?
- Expansion into new geographic markets: Major Drilling can leverage its expertise to expand into underserved regions with significant mineral deposits. This includes regions in Africa and South America where mining activities are increasing. A successful expansion strategy could increase revenue by 15% over the next three years.
- Diversification of service offerings: The company can broaden its service portfolio to include specialized drilling techniques and related services such as geological consulting and data analysis. This diversification can attract new clients and increase revenue per client by 10% within two years.
- Investment in technology and innovation: Adopting advanced drilling technologies and automation can improve efficiency, reduce costs, and enhance safety. Implementing these technologies could lead to a 5% reduction in operating costs and a 10% increase in productivity within the next year.
- Strategic acquisitions: Acquiring smaller drilling companies or related service providers can expand Major Drilling's market share and geographic reach. Identifying and integrating suitable acquisitions could increase revenue by 20% over the next five years.
- Focus on sustainable drilling practices: As environmental concerns grow, Major Drilling can differentiate itself by adopting sustainable drilling practices and offering environmentally friendly solutions. This can attract clients who prioritize sustainability and enhance the company's reputation, potentially increasing contract wins by 10% annually.
What Are MJDLF's Competitive Advantages?
- Established reputation and long-standing relationships with major mining companies.
- Global presence and extensive geographic reach.
- Diverse service offerings and specialized drilling expertise.
What Does MJDLF Do?
Major Drilling Group International Inc., founded in 1980, has evolved into a prominent provider of contract drilling services for the mining and mineral exploration industries. Headquartered in Moncton, Canada, the company boasts a global footprint with operations spanning North and South America, Asia, Africa, and Australia. Major Drilling offers a comprehensive suite of drilling solutions, including surface and underground coring, directional drilling, reverse circulation, sonic drilling, geotechnical services, environmental drilling, water-well drilling, coal-bed methane drilling, shallow gas drilling, underground percussive drilling, longhole drilling, surface drill and blast, and related mining services. These services cater to a diverse clientele involved in the exploration and extraction of various minerals and resources. The company's commitment to innovation and safety has solidified its reputation as a reliable partner for mining companies worldwide. Major Drilling's extensive service portfolio and geographic reach enable it to capitalize on global mining trends and maintain a competitive edge in the industry.
What Products and Services Does MJDLF Offer?
- Provides surface and underground coring services.
- Offers directional drilling for precise targeting.
- Performs reverse circulation drilling for sample collection.
- Conducts sonic drilling for various applications.
- Provides geotechnical and environmental drilling services.
- Offers water-well and coal-bed methane drilling.
- Performs shallow gas and underground percussive drilling.
- Provides longhole drilling and surface drill and blast services.
How Does MJDLF Make Money?
- Generates revenue through contract drilling services for mining and mineral exploration companies.
- Offers a range of drilling solutions tailored to specific client needs.
- Operates on a project basis, with revenue tied to drilling activity and project duration.
What Industry Does MJDLF Operate In?
Major Drilling Group International Inc. operates within the industrial materials sector, specifically providing drilling services to the mining industry. The market is influenced by commodity prices, exploration budgets, and global economic conditions. The competitive landscape includes companies like BAJFF (Boart Longyear), CREQF (Foraco International SA), CTJHF (Capital Drilling), IBJHF (Imdex Limited), and ICHMF (Ausdrill Limited). The industry is experiencing growth driven by the increasing demand for minerals and metals, particularly those used in renewable energy technologies and infrastructure projects.
Who Are MJDLF's Key Customers?
- Mining companies involved in exploration and extraction of minerals.
- Mineral exploration companies seeking to identify new deposits.
- Companies involved in coal-bed methane and shallow gas extraction.
Forward Outlook
Wall Street analysts project Major Drilling Group International Inc. revenue of about $880.6M for fiscal 2026, with EPS near $0.23. The estimate reflects 4 contributing analysts.
MJDLF Valuation & Market Position
With a $1.01B market cap, Major Drilling Group International Inc. sits in the small-cap segment of the market. Relative to its peer group, MJDLF's quantitative score of 43/100 is below the peer average of 55/100.
Key Financial Metrics
Return on equity for Major Drilling Group International Inc. stands at 3.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.8%, showing how much profit it generates from its asset base. MJDLF trades at a trailing price-to-earnings ratio of 57.96, above the Basic Materials sector average of ~22x. Its free cash flow yield is 1.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 2.43 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Major Drilling Group International Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 5.84 places it in the safe zone, indicating low near-term bankruptcy risk.
Company Profile
Major Drilling Group International Inc. operates in the Industrial Materials industry within the Basic Materials sector. It is headquartered in Moncton, CA. The company is led by CEO Denis Larocque. MJDLF has traded publicly since 2009.
MJDLF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Global presence and diversified operations.
- Comprehensive suite of drilling services.
- Strong relationships with major mining companies.
- Experienced management team.
Bear Case
- Exposure to commodity price fluctuations.
- Dependence on mining exploration budgets.
- High P/E ratio relative to peers.
- Low profit margin.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
MJDLF Latest News
No recent news available for MJDLF.
MJDLF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for MJDLF.
Price Targets
Wall Street price target analysis for MJDLF.
MJDLF MoonshotScore
What does this score mean?
The MoonshotScore rates MJDLF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Denis Larocque
CEO
Denis Larocque is the Chief Executive Officer of Major Drilling Group International Inc. His background includes extensive experience in the mining and drilling industries. He has held various leadership positions within Major Drilling, contributing to the company's growth and strategic direction. His expertise spans operational management, business development, and financial oversight. He is responsible for managing a workforce of 3462 employees.
Track Record: Under Denis Larocque's leadership, Major Drilling has expanded its global presence and diversified its service offerings. He has overseen strategic acquisitions and implemented initiatives to improve operational efficiency and safety. He has successfully navigated the company through challenging market conditions, maintaining its position as a leading provider of drilling services.
MJDLF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Major Drilling Group International Inc. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies on this tier often have limited regulatory oversight and may not provide regular financial disclosures, unlike companies listed on major exchanges such as the NYSE or NASDAQ, which are subject to stricter listing requirements and SEC regulations.
- OTC Tier: OTC Other
- Limited regulatory oversight and disclosure requirements.
- Potential for lower trading volume and liquidity.
- Increased price volatility due to limited market participation.
- Higher risk of fraud or manipulation compared to listed exchanges.
- Difficulty in obtaining reliable financial information.
- Verify the company's registration and legal standing.
- Obtain and review audited financial statements, if available.
- Assess the company's management team and their track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's business model and revenue streams.
- Understand the risks associated with investing in OTC securities.
- Consult with a financial advisor before making any investment decisions.
- The company has been in operation since 1980, indicating a long history.
- Major Drilling has a global presence with operations in multiple countries.
- The company employs a significant number of people (3462), suggesting a substantial operation.
- The company provides drilling services to established mining companies.
- The company has a market capitalization of $1.01B.
Major Drilling Group International Inc. Basic Materials Stock: Key Questions Answered
What does the AI Score mean for MJDLF?
MJDLF holds an AI Score of 43/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. Major Drilling Group International Inc. provides contract drilling services to the mining and mineral exploration industries. With a global presence, the company offers a comprehensive suite …
What does Major Drilling Group International Inc. do?
Major Drilling Group International Inc. provides comprehensive contract drilling services to mining and mineral exploration companies globally. Their services encompass surface and underground coring, directional drilling, reverse circulation, and various specialized drilling techniques. They cater to diverse client needs, supporting the exploration and extraction of minerals and resources across multiple continents, positioning them as a key enabler in the mining value chain.
What are the main risks for MJDLF?
The primary risks for Major Drilling include exposure to commodity price volatility, which directly impacts mining exploration budgets and activity. Geopolitical instability in operating regions poses a significant threat to operations and profitability. Increased competition from other drilling service providers and evolving environmental regulations also present challenges. Additionally, economic downturns can reduce mining activity and demand for drilling services.
What are the key factors to evaluate for MJDLF?
Major Drilling Group International Inc. (MJDLF) holds an AI score of 43/100 (low). P/E: 58.0x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does MJDLF data refresh on this page?
MJDLF's price was last updated on Aug 20, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven MJDLF's recent stock price performance?
Major Drilling Group International Inc. (MJDLF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Global presence and diversified operations. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider MJDLF overvalued or undervalued right now?
Major Drilling Group International Inc. (MJDLF) trades at 58.0x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research MJDLF before investing?
Before investing in Major Drilling Group International Inc. (MJDLF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding MJDLF to a portfolio?
Key strength of Major Drilling Group International Inc. (MJDLF): Global presence and diversified operations. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC data may be less reliable than exchange-listed data.
- AI analysis pending for MJDLF.