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Midway Gold Corp. (MDW) in Focus: Stock Moves 6.6% Higher

Zacks Equity Research

Midway Gold Corp. (MDW) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.86 to $0.94 in the past one-month time frame.

This gold stock witnessed one negative estimate revision in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Midway Gold Corp. has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the industry include Harmony Gold Mining Company Limited (HMY),NovaGold Resources Inc. (NG) and Pretium Resources Inc. (PVG). All these stocks carry a Zacks Rank #2 (Buy).

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MIDWAY GOLD CORP (MDW): Free Stock Analysis Report

HARMONY GOLD MINING CO LTD (HMY): Free Stock Analysis Report

NOVAGOLD RESOURCES INC (NG): Free Stock Analysis Report

PRETIUM RESOURCES INC (PVG): Free Stock Analysis Report

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