5 Mining Stocks to Buy Now According to David Iben’s Kopernik Global Investors

4. NovaGold Resources Inc. (NYSE:NG)

Kopernik Global Investors Stake Value: $32,753,000
Percentage of Kopernik Global Investors’ 13F Portfolio: 3.67%
Number of Hedge Fund Holders: 16

NovaGold Resources Inc. (NYSE:NG) is a company that buys, explores, and develops metal resources, especially in Alaska and British Columbia. Barrick Gold Corporation (NYSE:GOLD) and NovaGold Resources (NYSE:NG) announced earlier this month that recent work on their 50-50 Donlin gold project in Alaska enhanced the definition of mineralization controls and that the project is nearing a new feasibility study.

David Iben first bought 1.62 million shares of NovaGold Resources Inc. (NYSE:NG) way back in 2013. He increased his stake in the firm by 4% in the third quarter of 2021, and his position in NovaGold Resources Inc. (NYSE:NG) is worth about $32.75 million, representing 3.67% of his total Q3 securities.

Our hedge fund data shows that 16 hedge funds were bullish on NovaGold Resources Inc. (NYSE:NG) in the third quarter of 2021. Their total stake value was $247.87 million.