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

In this piece, we will take a look at the five mining stocks to buy according to John Paulson’s Paulson & Co. If you want to discover more stocks and learn about the hedge fund, head on over to 10 Mining Stocks to Buy Today According to John Paulson’s Paulson & Co.

5. APA Corporation (NASDAQ:APA)

Paulson & Co’s Stake Value: $80 million

Percentage of Paulson & Co’s 13F Portfolio: 2.48%

Number of Hedge Fund Holders: 42

APA Corporation (NASDAQ:APA) is an oil and gas miner headquartered in Texas, United States. The company has facilities in the U.S., U.K., and in Egypt. Additionally, it also has a presence in the South American country of Suriname.

Mr. Paulson’s hedge fund owned 3 million APA Corporation (NASDAQ:APA) shares by the end of the fourth quarter of last year. This translated into an $80 million stake which represented 2.48% of the firm’s investment portfolio. During the same time period, 42 of the 924 hedge funds polled by Insider Monkey had invested in the firm.

APA Corporation (NASDAQ:APA) earned $2.3 billion in revenue and $1.29 in non-GAAP in its fourth fiscal quarter, missing analyst EPS estimates but beating them for revenue. Barclays set a $53 price target for the company in April 2022, as it reinstated coverage.

APA Corporation (NASDAQ:APA)’s largest investor is Natixis Global Asset Management’s Harris Associates which owns 19 million shares worth $514 million.

Ariel Investments mentioned the company in its fourth quarter 2021 investor letter. Here is what the firm said:

“We continue to believe recent aggressive fiscal and monetary policy will drive high levels of intransient (rather than transitory) inflation. Recent inflation numbers have exceeded our hawkish predictions. While we believed the Consumer Price Index might rise +4% in 2021, double the Fed target of +2%; it rose +7%, the highest level in forty years. Ariel Focus Fund has been well positioned for this environment as natural resource and material companies such as APA Corporation (APA) which returned +90.76% for the year. This was one of our two largest holdings at year-end and have performed well very early into 2022.”