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

3. Perpetua Resources Corp. (NASDAQ:PPTA)

Paulson & Co’s Stake Value: $117 million

Percentage of Paulson & Co’s 13F Portfolio: 3.62%

Number of Hedge Fund Holders: 9

Perpetua Resources Corp. (NASDAQ:PPTA) is an American company involved in mineral exploration in the United States. It owns a gold project in Valley County, Idaho, and is involved in the exploration of gold, silver, and antimony.

As Q4 2021 came to an end, Mr. Paulson’s hedge fund held a $117 million stake in Perpetua Resources Corp. (NASDAQ:PPTA) via owning 24 million shares. During the same time period, 9 of the 924 hedge funds polled by Insider Monkey had invested in the firm.

Perpetua Resources Corp. (NASDAQ:PPTA) reported $35.9 million net loss by the end of its fiscal year 2021, marking a significant drop over the $220 million net loss that it reported the year prior. B. Riley set a $22 price target for the company in April 2022, stating that the company’s gold project in Idaho is the strongest in the industry and that its share price does not account for this.

After Paulson & Co., Peter Franklin Palmedo’s Sun Valley Gold is Perpetua Resources Corp. (NASDAQ:PPTA)’s largest investor. It has a $20 million stake that comes through holding 5 million shares.