The metals and mining sector is set to have a strong 2025, with ETFs like the State Street SPDR S&P Metals & Mining ETF (XME) up 83% year-to-date. Jefferies analyst Christopher LeFemina predicts continued outperformance in 2026. Caledonia Mining (CMCL), a top-rated gold stock, is up 181% this year, surpassing the 66% gain in gold prices. With operations in Zimbabwe, Caledonia Mining reported solid earnings for the third quarter, with revenue up 52% and net profits increasing to $18.7 million. Analysts expect CMCL stock to rise by 69% to $45, making it a strong option for capital preservation in the gold mining sector.

Read more at Barchart: Jefferies Is Betting Big on Mining Stocks for 2026. Here Is Barchart’s Top-Rated Name.