Midway Gold Corp. (MDW) saw a big move last session, as the company’s shares fell nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MDW, as the stock is now down over 51% since Feb 27. This gold mining company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump. MDW currently has a Zacks Rank #3 (Hold). Investors interested in the Mining-Gold industry may consider better-ranked stock like Rubicon Minerals Corporation (RBY - Snapshot Report), which carries a Zacks Rank #1 (Strong Buy).

Source