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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