John Paulson acquired 27.2 Million Novagold Resources shares worth $102 Million. That's 5.91% of their entire equity portfolio (5th largest holding). The investor owns 7.45% of the outstanding Novagold Resources stock. The first Novagold Resources trade was made in Q1 2013. Since then John Paulson bought shares four more times and sold shares on thirteen occasions. The investor's estimated purchase price is $117 Million, resulting in a loss of 12%.
We recently covered billionaire Paulson’s most favorite metals and mining stocks. NovaGold Resources Inc (NYSE:NG) is part of the list. In this article we ta...
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