Billionaire John Paulson’s Messy Divorce and Top 5 Stock Picks

3. Perpetua Resources Corp. (NASDAQ:PPTA)

Paulson & Co Q2 2023 Investment: $90.91 Million
Percentage of Paulson &Co as of Q2 2023: 8.87%
Number of Hedge Fund Holders: 7 

Perpetua Resources Corp. (NASDAQ:PPTA) is a basic materials company engaged in mineral exploration and development activities across the US. Paulson & Co. has turned to Perpetua Resources Corp. (NASDAQ:PPTA) to gain exposure to gold, silver, and antimony exploration and mining. The company’s flagship project is the Stibnite gold project in Idaho.

Perpetua Resources Corp. (NASDAQ:PPTA)’s wholly-owned subsidiary, Perpetua Resources, was recently awarded an ordinance technology agreement of up to $15.5M by the Department of Defence.

Paulson first gained exposure to the mining company in 2021 after acquiring stakes worth $159 million. The hedge fund has been buying and selling shares, taking advantage of the market swings that have come into play. As of the end of the second quarter, the hedge fund held stakes worth $90 million. Perpetua Resources Corp. (NASDAQ:PPTA) had 7 hedge funds in its corner by the end of Q2 2023, according to Insider Monkey’s data.

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