8%+ dividend yields! 2 top value stocks to consider buying in May

Looking for the best value stocks to buy today? Here are two I think could be too cheap to miss. Copper stocks have soared in 2024, thanks to a resurgent red metal price. Central Asia Metals (LSE:CAML), for instance, is up 11% since the turn of the year. Yet to my mind it’s still a brilliant bargain at 203p per share. Today, the AIM miner trades on a forward price-to-earnings (P/E) ratio of 8.9 times. It also deals on a price-to-earnings (PEG) ratio of 0.3. Any reading below 1 suggests a share is undervalued. To sweeten Central Asia’s investment case, the dividend yield for 2024 sits at a stunning 8.4%. The company operates the Kounrad copper mine in Kazakhstan. It also owns the Sasa lead-zinc mine in North Macedonia. Demand for all of its metals is tipped to boom as sales of electric vehicles (EVs) steadily increase. It’s why BHP Group has in recent days tabled a £31.1bn takeover offer for Anglo American to boost its copper division. Some commodity analysts think demand from EVs and related charging infrastructure will double to 5.5m tonnes in 2035. And with new mining projects thin on the ground, copper prices — and by...

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