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8 Stocks Billionaire John Paulson Loves

4. NovaGold Resources

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NovaGold Resources (NG) comprises 1.4% of the Paulson & Co. portfolio. In the fourth quarter, Paulson scooped up 2.75 million shares of the stock, increasing his position by 13.6% to 22.95 million shares. He reportedly has increased his position again in the first quarter of 2012, to 29.95 million shares.

Other holders of NovaGold include Seth Klarman's Baupost Group, with a 7.5 million-share position, and John Griffin's Blue Ridge Capital, which maintained a 7.2 million-share position in the fourth quarter.

Stock Overview: NovaGold, through its wholly-owned subsidiaries, partnerships, limited liability companies and joint ventures, is engaged in the exploration and development of mineral properties in Alaska and British Columbia. It has a market cap of $2.1 billion. The stock, which has a short interest ratio of 4.5, has traded in a 52-week range of $5.93 to $14.02 and traded up 10 cents, or 1.3%, to $7.83 on Thursday.

Analyst Ratings: Three analysts covering NovaGold rate it a hold. TheStreet Ratings has a D sell rating on the stock.

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MHS $70.30 0.00%
DLPH $73.71 0.00%
MMI $25.10 0.00%
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