John Paulson Bolsters Stake in Novagold Resources Inc
On December 31, 2023, Paulson & Co., led by renowned investor John Paulson (Trades, Portfolio), made a significant addition to its investment portfolio by acquiring 23,541,483 shares of Novagold Resources Inc (NG). The shares were purchased at a price of $3.74, reflecting a strong belief in the future prospects of the mineral exploration company. John Paulson (Trades, Portfolio), the President and Portfolio Manager of Paulson & Co. Inc., is a prominent figure in the investment world.
Source: yahoo.com