Citigroup (NYSE:C) Likes Barrick (TSE:ABX) Best Among Gold Miners

After attending the Investor Day of Newmont Mining (NYSE:NEM), a number of analysts were impressed, but Citigroup (NYSE:C) said even after the positive outlook, their top pick among gold miners is Barrick Gold (TSE:ABX) (NYSE:ABX).

While reiterating their "Hold" rating on Newmont, a Citigroup analyst said, "our top pick in gold is Barrick."

Barrick was down in New York and Toronto before the onset of Memorial Day weekend, usually considered the start of summer vacation time in the U.S.

In New York Barrick closed at $42.08, down 36 cents, or 0.85 percent, while in Toronto they closed the day at $44.30, down 31 cents, or .69 percent.

Volume for Barrick Gold on both exchanges was far below their 3-month average.