AGMI - ETF AI Analysis

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Themes Silver Miners ETF (AGMI)

Rating:61Neutral

Price Target:―

AGMI, the Themes Silver Miners ETF, has a solid overall rating driven mainly by strong, well-established miners like Newmont Mining and Pan American Silver, which show robust financial performance, positive earnings calls, and credible growth plans. Other key holdings such as Wheaton Precious Metals and Fresnillo also add strength through solid operations and growth initiatives, though their higher valuations introduce some risk. Weaker names like Discovery Silver and Endeavour Silver, which face financial and cash flow challenges, slightly hold back the fund’s rating, and investors should also recognize the main risk that the ETF is concentrated in the silver mining sector.

Positive Factors

Strong Recent Performance

The ETF has shown strong gains over the past month, three months, and year-to-date, indicating positive recent momentum.

Top Holdings Performing Well

Many of the largest positions, including several well-known silver and precious metals miners, have delivered strong year-to-date returns that support the fund’s overall results.

Moderate Expense Ratio

The fund’s expense ratio is moderate for a specialized thematic ETF, helping investors keep more of their returns compared with higher-cost niche funds.

Negative Factors

Heavy Sector Concentration

With most of its assets in the materials sector, the ETF is highly sensitive to swings in metals and mining markets.

Focused Silver Mining Theme

Because the fund targets silver miners specifically, its performance can be more volatile and tied to silver prices than a more diversified commodities or equity ETF.

Small Asset Base

The relatively low assets under management may lead to lower trading liquidity and potentially wider bid-ask spreads for investors.

AGMI vs. SPDR S&P 500 ETF (SPY)

AUM16.54M

RegionGlobal

Expense Ratio0.35%

Beta1.26

IssuerThemes

Inception DateMay 03, 2024

Dividend Yield4.69%

Asset ClassEquity

Index TrackedSTOXX Global Silver Mining Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume4,019

30 Day Avg. Volume6,458

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

89.57

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering32

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

AGMI Summary

Themes Silver Miners ETF (AGMI) is an exchange-traded fund that follows the STOXX Global Silver Mining Index, focusing on companies that mine and produce silver around the world. It mainly holds materials-sector stocks, including well-known names like Newmont Mining and Wheaton Precious Metals. Investors might consider AGMI if they want targeted exposure to silver, which is used in electronics, solar panels, and as a precious metal, offering potential growth and diversification away from broad stock market funds. A key risk is that silver prices can be very volatile, so the ETF’s value can rise and fall sharply.

How much will it cost me?The Themes Silver Miners ETF (AGMI) has an expense ratio of 0.35%, which means you’ll pay $3.50 per year for every $1,000 invested. This cost is slightly higher than average because the fund is actively managed and focuses on a specialized niche in the silver mining sector, requiring more research and management effort.

What would affect this ETF?Themes Silver Miners ETF (AGMI) could benefit from increased demand for silver driven by its use in renewable energy technologies and electronics, as well as its appeal as a store of value during economic uncertainty. However, the ETF may face challenges from fluctuating silver prices, regulatory changes affecting mining operations, or broader economic slowdowns that impact industrial demand for materials. Its global exposure and focus on silver mining companies like Newmont Mining and Fresnillo make it sensitive to both sector-specific trends and global economic conditions.

AGMI Top 10 Holdings

AGMI is a pure play on global silver miners, with performance largely riding on a handful of big names. First Majestic Silver has been a key engine, rising strongly and giving the fund some extra shine, while Newmont and Wheaton Precious Metals are providing steadier, supportive gains. Pan American Silver is also pulling its weight with solid, rising momentum. On the flip side, names like Fresnillo and Endeavour Silver have seen more mixed and recently lagging action, occasionally dulling the fund’s sparkle. Overall, it’s a concentrated bet on the materials sector, spread across North America, Europe, and Asia.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
AG	First Majestic Silver	12.07%	$2.00M	$11.06B	237.72%	69 Neutral
	―	9.92%	$1.64M	―	―	―
NEM	Newmont Mining	9.48%	$1.57M	$119.21B	136.98%	81 Outperform
WPM	Wheaton Precious Metals	6.53%	$1.08M	$63.17B	89.47%	79 Outperform
FRES	FRESNILLO	5.92%	$978.79K	£25.10B	290.76%	76 Outperform
PAAS	Pan American Silver	4.42%	$730.99K	$23.54B	117.69%	80 Outperform
DSV	Discovery Silver	4.34%	$718.32K	C$7.32B	360.14%	48 Neutral
EXK	Endeavour Silver	4.24%	$702.05K	$2.93B	111.23%	58 Neutral
SVM	Silvercorp Metals	3.74%	$619.19K	C$3.27B	164.70%	73 Outperform
2899	Zijin Mining Group Co	3.64%	$601.86K	HK$1.06T	125.09%	72 Outperform

AGMI Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

77.55

Negative

100DMA

66.39

Positive

200DMA

53.32

Positive

Market Momentum

MACD

-0.70

Positive

RSI

38.30

Neutral

STOCH

15.92

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For AGMI, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 80.29, equal to the 50-day MA of 77.55, and equal to the 200-day MA of 53.32, indicating a neutral trend. The MACD of -0.70 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 15.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AGMI.

AGMI Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
AGMI	―	―	$16.54M	0.35%	61 Neutral
METL	―	―	$99.63M	0.89%	58 Neutral
AUMI	―	―	$36.93M	0.35%	75 Outperform
FMTL	―	―	$22.38M	0.65%	64 Neutral
COPA	―	―	$12.57M	0.35%	58 Neutral
AUAU	―	―	$7.31M	0.35%	72 Outperform

Performance Comparison

AGMI

Themes Silver Miners ETF

70.53

40.11

131.85%

METL

Sprott Active Metals & Miners ETF

―

AUMI

Themes Gold Miners ETF

―

FMTL

First Trust Indxx Critical Metals ETF

―

COPA

Themes Copper Miners ETF

―

AUAU

Global X Gold Miners ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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