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Thursday, October 14, 2010

Goldman (NYSE:GS) Upgrades AngloGold Ashanti (NYSE:AU)

South African miner AngloGold Ashanti (NYSE:AU) was upgraded by Anglogold Ashanti (NYSE:AU) from "Sell" to "Neutral." That's an upward move of two notches for the gold miner.

Earlier in the month Anglogold was upgraded from "Underperform" to "Neutral" by Credit Suisse (NYSE:CS).

Anglogold also eliminated their hedge book recently, now standing in full exposure to gold.

The gold miner closed Wednesday at $48.12, gaining $1.32, or 2.82 percent.

volume was over double the usual 3-month daily average of 2,130,010, rising to 4,538,356, according to Yahoo Finance.

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