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

2. AngloGold Ashanti Limited (NYSE:AU)

Paulson & Co’s Stake Value: $125 million

Percentage of Paulson & Co’s 13F Portfolio: 3.86%

Number of Hedge Fund Holders: 15

AngloGold Ashanti Limited (NYSE:AU) is a South African gold mining company headquartered in Johannesburg. It has a mining project in Tanzania, and in addition to gold, the firm is also involved with silver and sulphuric acid.

For its fiscal H1, AngloGold Ashanti (NYSE:AU) reported $2 billion in revenue and $0.59 in non-GAAP EPS. This marked a 16% annual drop in the company’s revenue. Deutsche Bank raised its price target to $28 from $24 in March 2022, as it outlined that if the sanctions against Russia are sustained, they could lead to greater interest in the American mining industry.

Paulson & Co.’s stake in AngloGold Ashanti Limited (NYSE:AU) was equal to $125 million by the end of 2021’s final quarter. This came through the firm owning 5.9 million shares and it represented 3.86% of its investment portfolio. Insider Monkey scanned 924 hedge fund portfolios for Q4 2021 and discovered that 15 contained the company’s stock.

AngloGold Ashanti Limited (NYSE:AU)’s largest investor after Paulson & Co. is Cliff Asness’s AQR Capital Management which owns 5.4 million shares worth $114 million.