5 Mining Stocks to Buy Today According to John Paulson’s Paulson & Co

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1. NovaGold Resources Inc. (NYSE:NG)

Paulson & Co’s Stake Value: $152 million

Percentage of Paulson & Co’s 13F Portfolio: 4.7%

Number of Hedge Fund Holders: 18

NovaGold Resources Inc. (NYSE:NG) is a Candian company involved in the exploration and development of gold properties in the United States. The company has a project in Alaska that covers tens of thousands of acres.

By Q4 2021 end, Mr. Paulson’s hedge fund owned 22 million NovaGold Resources Inc. (NYSE:NG) shares which were worth $152 million and represented 4.7% of its investment portfolio. Insider Monkey’s survey of 924 hedge funds for the same time period revealed that 18 had invested in the company.

NovaGold Resources Inc. (NYSE:NG) posted -$0.03 in GAAP EPS for its fiscal first quarter, meeting analyst estimates for the metric. During the same time period, the company had $155 million in cash and term deposits.

After Paulson & Co., Jean-Marie Eveillard’s First Eagle Investment Management is NovaGold Resources Inc. (NYSE:NG) largest investor, holding 11 million shares worth $79 million.

Disclosure: None. You can also take a look at 13 Best Hemp Stocks to Buy Now and Top 15 Dividend Stocks With Upside Potential.

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