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. Follow @stockpickr
While causing upset among politicians and some business leaders, President Donald Trump's withdrawal of the U.S. from the Paris Agreement helped boost stock prices across the chemicals and automotive sectors.