This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

11 Stocks Under $4 With Upside: Analysts

3. Midway Gold (MDW), an exploration company, engages in the acquisition, exploration and development of gold and silver mineral properties in North America. It has mineral properties in Nevada and Washington. Its exploratory-stage projects are Spring Valley, Pan and Golden Eagle gold properties, which have identified gold mineralization. The company also owns early-stage gold and silver exploration projects Roberts Creek, Gold Rock and Burnt Canyon.

Midway has announced that total gold identified at its wholly owned Spring Valley project in Nevada has improved from the previous inferred resource estimate in 2009. During the past two years, drilling at Spring Valley has led to the conversion of 2.16 million ounces of gold to the measured (0.93 million ounces) and indicated (1.23 million ounces) categories. In addition, new drilling produced an additional inferred resource of 1.97 million ounces of gold at the same cut-off grade.

Going forward, the company believes that the Spring Valley results are emerging as a world-class gold system, and hold the potential for substantial growth and continued exploration. Drilling in 2011 is expected to focus on expanding the resource and evaluating satellite targets, particularly within the recently acquired land south of the existing resource.

Of the three analysts covering the stock, 67% recommend it as a buy while the remaining rate it a hold. There are no sell ratings on the stock. The stock's average 12-month price target is $3.3, which is 82.3% higher than the current price, as per analysts surveyed by Bloomberg.
9 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CGR $0.18 0.00%
GBG $0.00 0.00%
CBRX $12.24 3.73%
MDW $0.00 -97.00%
GLCH $3.55 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs