Is this a good time to invest in South32 shares?
Tony Locantro from Alto Capital certainly thinks so. On The Bull, he suggested there are risks with the Chinese economy, so investors could sell Fortescue Metals Group Ltd (ASX: FMG) shares and switch to a diversified resource producer, like South32.
UBS also called South32 shares a buy, with a price target of $3.95, implying a possible rise of 28% over the next year. The broker was pleased with the sale price the miner got for its Illawarra coal asset.
But, its performance is reliant on what happens with commodity prices. Some investors may prefer businesses with more consistent and predictable growth.
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