- Gold has performed disappointingly and unexpectedly since the start of the war in the Middle East
- Stocks in the metals and mining sector have suffered significantly
- Is this a buying opportunity, given that the structural bullish factors for gold remain intact?
After briefly rising above $5,400 when the Middle East conflict began, has been falling and is now struggling to stay above the key $5,000 level as the conflict enters its third week.
This is unusual because gold is usually seen as a safe place to invest during times of crisis. When there is geopolitical tension or market uncertainty, investors typically buy gold to protect their money.
The current decline suggests something different is happening. As global stock markets fall sharply, investors are selling gold to raise cash and cover losses elsewhere.
The rise in the US dollar is also adding pressure. The crossed 100 last week for the first time since November 25, making gold more expensive for buyers using other currencies.
As a result, gold stocks and other metal-linked investments have also taken a hit.
Even so, the bigger picture remains supportive. Central banks continue to buy gold to diversify their reserves, and concerns around inflation are still strong.
This weakness in gold could be seen as a buying opportunity, both for the metal and for stocks in the mining and metals space.
This view becomes stronger when looking at the charts, where the $5,000 level is currently acting as support.
10 Metals and Mining Stocks With up to +83% Rebound Potential
We therefore set out to identify stocks in this sector that have suffered significantly in recent weeks but could see substantial rebounds if gold resumes its upward trend.
To do this, we turned to the Investing.com screener to run the following search:
- Metals and Mining Sector
- A drop of more than 15% over two weeks
- Market capitalization over $250 million
- Upside potential of over 30% according to analysts
- InvestingPro Health Score above 2.5/5
This research highlights 10 opportunities:
More specifically, these metals and mining stocks, which have plunged by 16.6% to 27.3% over two weeks, could rise by 31.9% to 83.3% according to analysts.
Special Focus on 3 Stocks From This List
Among these stocks is , which offers direct exposure to gold prices at a time of geopolitical tension and macro uncertainty. The company is generating strong cash flow, around $2.5 billion in 2025, and plans to return about 40% of it to shareholders through dividends and buybacks. Its operations across multiple regions add stability to its growth.
stands out as a cyclical play tied to infrastructure and industrial demand. Earnings are expected to grow by nearly 96% in 2026, supported by strong upward revisions. The company benefits from steel recycling and government-led spending, giving it a mix of value and growth within the materials sector.
is a smaller mining company with strong exposure to gold and some upside from rare earth assets. It operates the Golden Chest Mine and is expanding in a resource-rich region. The stock carries a higher risk but also offers significant upside if gold and other metals move higher again.
However, further up the list, many other opportunities outperform these three stocks, either in terms of upside potential or financial health. Eight preconfigured searches focus on dividend stocks:
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Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk remains with the investor.
