Citi Likes Barrick Gold (ABX)

In a research report released by Citigroup C yesterday, the firm's analysts wrote that investors should buy Barrick Gold ABX ahead of seasonal strength in the September-December time period. The firm has a price target on ABX of $55. Citi has a Hold rating and $55 price target on shares of Newmont Mining NEM. Year-to-date, ABX has gained 17.06% and NEM has jumped over 25%. Both stocks are rising during Thursday's trading session as well.