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Wednesday, June 9, 2010

Morgan Stanley (NYSE:MS) Covering Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU)

South African-based gold miners Gold Fields (NYSE:GFI) and AngloGold Ashanti (NYSE:AU) are now being covered by Morgan Stanley (NYSE:MS), and they opened their ratings with an "Equal Weight" on Gold Fields and an "Underweight" on Anglogold Ashanti.

Both gold companies were down in New York today as a slight correction took place after another recent session breaking all-time highs.

Gold Fields ended the day at $13.43, down $0.08, or 0.59 percent a share.

AngloGold Ashanti finished the session at $42.11 in New York, dropping $0.28, or 0.66 percent.

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