There are some great value ASX 200 resources shares to buy right now. The S&P/ASX 200 Index (ASX: XJO) is down 12.94% in 2020 but the Aussie resources sector has so far underperformed the benchmark index.
It takes a savvy investor to sniff out value in such a complicated industry. For instance, you have to work out if ASX gold shares are better than iron ore shares.
While the Alumina Limited (ASX: AWC) share price is down 33.91% this year, others like Newcrest Mining Limited (ASX: NCM) have climbed higher.
So, where are the best value Aussie mining shares right now?
3 ASX 200 resources shares to buy today
Speaking of Newcrest, I think it could be in the buy zone. The Aussie gold miner’s shares are up 4.11% this year and could be climbing higher.
Investors are certainly bullish on the ASX 200 resources share. I’m not a big gold investor myself but Newcrest is certainly outperforming. If global gold prices remain high, the Newcrest share price could be one to watch.
But it’s not the only ASX gold miner that’s potentially in the buy zone right now. I think St Barbara Ltd (ASX: SBM) is worth watching this year. The Aussie gold miner’s shares have surged 17.75% in 2020 thanks to high commodity prices.
I also think some of the large ASX miners could be undervalued.
BHP Group Ltd (ASX: BHP) is one that I’ve got my eye on. BHP shares have been making a steady recovery in recent weeks but are still down by 8.79% in 2020.
If we see iron ore prices continue to climb, BHP could be a bargain at $35.71 per share. The Aussie miner is far from a safe bet, but it does boast a $169.1 billion market capitalisation.
Foolish takeaway
There are a number of ASX 200 resources shares that could be undervalued in 2020. I think buying into the sector is a speculative play, but could be a valuable addition to a well-diversified portfolio.
For more long-term buying options, check out these 5 ASX shares today!
NEW. The Motley Fool AU Releases Five Cheap and Good Stocks to Buy for 2020 and beyond!….
Our experts here at The Motley Fool Australia have just released a fantastic report, detailing 5 dirt cheap shares that you can buy in 2020.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading over 40% off its high, all while offering a fully franked dividend yield over 3%…
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click here or the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
More reading
- Where to invest $5,000 into ASX 200 shares immediately
- 5 things to watch on the ASX 200 on Tuesday
- 3 ASX 200 tech shares to buy and hold beyond 2025
- Why Woolworths shares are offering a rare buying opportunity today
- In your 50s? Here are the 2 best ASX 200 shares to buy now
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The post 3 ASX 200 resources shares to buy today appeared first on Motley Fool Australia.
from Motley Fool Australia https://ift.tt/2Xmwqtl
Leave a Reply