Billionaire John Paulson’s 2023 Portfolio: Top 5 Stock Picks

4. Perpetua Resources Corp. (NASDAQ:PPTA)

Number of Hedge Fund Holders: 8

John Paulson’s Paulson & Co.’s Holdings: $110,233,362

Percentage of John Paulson’s Paulson & Co.’s Portfolio: 9.16%

Perpetua Resources Corp. (NASDAQ:PPTA), formerly known as Midas Gold Corp., is a mining company focused on the exploration and development of the Stibnite Gold Project in Idaho. The Stibnite Gold Project is located in the historic Stibnite Mining District and is one of the highest-grade gold deposits in the country. In a research note issued on May 15, Lucas Pipes at B. Riley gave Perpetua Resources Corp. (NASDAQ:PPTA) stock a target price of $15 and reiterated a Buy rating on the stock.

Paulson & Co was the leading hedge fund investor in the company during Q1 2023.