Trexquant Investment 13F: Adds $276K to Barrick Mining (B) Stake

Trexquant Refines Its Quantitative Bet on Barrick

Trexquant Investment raised its stake in Barrick Mining Corporation (NYSE:B) by 1.0% during the latest reporting period, according to its Form 13F filing with the SEC. The quantitative manager added 7,505 shares of the mining company to its portfolio. That minor addition brought its total position to 752,450 shares, which were valued at $27,637,488 at the close of the quarter.

Trexquant is known for its systematic trading style, using math models and high-volume data to trade hundreds of stocks at once. This small adjustment in Barrick Mining was part of a larger wave of spring portfolio changes. On the same day, Trexquant made several notable moves, including trimming its stake in pharmaceutical developer AbbVie by 19% and starting brand-new positions in Canadian National Railway and consumer products maker Church & Dwight. It also built up holdings in Applied Industrial Technologies and The Vita Coco Company. Because 13F filings are backward-looking, they reflect what Trexquant held on the final day of the reporting period and may not represent the firm's current portfolio today.

Barrick Mining Stock Trends Below Moving Averages

On Saturday, shares of Barrick Mining were priced at $36.73. The stock has experienced some downward pressure lately, trading below its 50-day moving average of $41.38 and its 200-day moving average of $42.76. Over the last year, the stock has traded in a wide range, finding support at a low of $30.35 and hitting a high of $54.69.

With a market valuation of $70.26 billion, Barrick remains a giant in the gold and copper mining industries. The company looks relatively inexpensive relative to its earnings, trading at a price-to-earnings ratio of 11.03. Looking ahead, the company's forward price-to-earnings ratio is 9.74, which suggests that profits could improve over the coming year.

Strong Sales Growth and Healthy Margins

In its latest financial reports, Barrick Mining reported annual revenue of $20.65 billion. The company has shown strong top-line momentum, with revenue growing at a 43.8% clip. This growth has translated into solid bottom-line profits, as the company generated earnings per share of $3.87.

Barrick's financial health is also supported by its high profitability metrics. The gold miner boasts a net profit margin of 31.6% and a return on equity of 27.0%. These numbers show how efficiently management is turning revenue into net income for shareholders. The company's balance sheet is in a comfortable position, with a current ratio of 3.01 and a quick ratio of 2.11, meaning it has plenty of short-term liquidity.

Dividend Payments

Barrick Mining shares its profits with investors through a regular dividend. The company pays an annual dividend rate of $0.70 per share, which gives the stock a dividend yield of 1.62%. The company's dividend payout ratio is 23.77%, indicating that it uses less than a quarter of its earnings to cover the dividend, leaving plenty of cash to reinvest in its gold and copper exploration projects.

Wall Street Analysts Keep Close Watch

Several research firms have updated their opinions on Barrick Mining recently. On October 16, 2026, CIBC downgraded the stock from its previous rating to Neutral, setting a price target of $49.00. That followed a series of updates in September. RBC Capital maintained an Outperform rating on September 16, 2026, and raised its price target from $49.00 to $53.00. Earlier that month, on September 9, 2026, Bernstein kept its Outperform rating but lowered its target from $61.00 to $56.50.

In August, JP Morgan kept an Overweight rating and bumped its target up to $52.00, while Barclays maintained an Equal-Weight rating with a $42.00 target. Scotiabank maintained its Sector Outperform rating with a $55.00 target, and B of A Securities kept its Buy rating on August 11, 2026, with a $54.00 price target. Currently, 16 analysts track the stock, and the consensus recommendation is a buy, with an average target price of $51.70.

About Barrick Mining

Barrick Mining Corporation is a Toronto-based mining giant that explores, develops, and produces mineral properties around the globe. While it is primarily known as one of the world's largest gold producers, the company also mines copper, silver, and energy materials. Formerly known as Barrick Gold Corporation, the firm updated its name to Barrick Mining Corporation in May 2025 to reflect its broader focus on various industrial and precious metals.

What to Watch at Barrick Mining Corporation

Investors tracking Barrick Mining should mark their calendars for November 9, 2026, when the company is scheduled to report its next set of quarterly financial results. These earnings will give the market a fresh look at how gold prices and mining production costs are affecting the bottom line. In the meantime, investors should remember that institutional filings like the one from Trexquant show a historical snapshot and do not guarantee the fund is still holding these exact shares.