COPA - ETF AI Analysis

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Themes Copper Miners ETF (COPA)

Rating:58Neutral

Price Target:―

COPA, the Themes Copper Miners ETF, has a solid but not top-tier rating, reflecting a mix of strong copper miners and some weaker names. Higher-quality holdings like Southern Copper, First Quantum Minerals, and Atalaya Mining support the fund with solid financial performance, positive earnings sentiment, and strong technical momentum, while diversified giants like BHP and Glencore add stability despite some short-term or profitability challenges. However, weaker contributors such as Taseko Mines, which faces financial and valuation pressures, and several holdings with high P/E ratios and cash flow concerns, along with the fund’s concentration in the cyclical copper mining sector, all limit the overall rating and add risk.

Positive Factors

Strong Recent Performance

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

Top Holdings Showing Solid Gains

Several of the largest positions, including major copper miners, have delivered strong year-to-date performance, helping drive the fund’s returns.

Global Diversification Across Mining Regions

Holdings spread across the U.S., Canada, the U.K., Australia, and other countries help reduce the impact of problems in any single market.

Negative Factors

Heavy Concentration in Materials Sector

With almost all assets in the materials sector, the fund is highly sensitive to swings in commodity and mining stocks.

Niche Focus on Copper Miners

Because the ETF targets copper mining companies specifically, its performance can be very volatile and closely tied to copper prices and demand.

Small Asset Base

The relatively low assets under management suggest the fund is still small, which can sometimes mean less trading liquidity for investors.

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

AUM13.08M

RegionGlobal

Expense Ratio0.35%

Beta1.21

IssuerThemes

Inception DateSep 24, 2024

Dividend YieldN/A

Asset ClassEquity

Index TrackedBITA Global Copper Mining Select Index - Benchmark TR Net

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume5,620

30 Day Avg. Volume10,376

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

53.94

Price Target Upside― Downside

Rating ConsensusHold

Number of Analyst Covering45

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

COPA Summary

The Themes Copper Miners ETF (COPA) tracks the BITA Global Copper Mining Select Index and focuses on companies that mine copper around the world. It mainly holds materials-sector stocks, including well-known names like Freeport-McMoRan and BHP Group. Investors might consider COPA if they want targeted exposure to copper, which is widely used in electric vehicles, renewable energy, and infrastructure, offering a potential growth play tied to the green transition. However, this ETF is concentrated in copper miners, so its price can be very volatile and may fall sharply if copper prices or global demand drop.

How much will it cost me?The Themes Copper Miners ETF (COPA) 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 for ETFs because it is actively managed to focus on a specific niche, the copper mining industry. This specialized approach requires more research and management compared to passively managed funds that track broad indexes.

What would affect this ETF?The Themes Copper Miners ETF (COPA) could benefit from increasing global demand for copper driven by the growth of renewable energy, electric vehicles, and infrastructure projects, as these industries rely heavily on copper. However, the ETF may face challenges from fluctuating copper prices, regulatory changes in mining regions, or economic slowdowns that reduce industrial activity. Its global exposure and focus on major copper mining companies provide diversification but also make it sensitive to geopolitical risks and environmental regulations in key mining countries.

COPA Top 10 Holdings

COPA is essentially a pure play on global copper miners, with performance driven by a handful of heavyweights. Freeport-McMoRan is leading the charge, rising steadily and setting the tone for the fund. Lundin Mining, Southern Copper, and Teck Resources are also climbing, giving the ETF a strong tailwind from both North and South American producers. On the flip side, First Quantum and Ivanhoe Mines look a bit tired, with more mixed, recently softer moves. Overall, this is a concentrated bet on the materials sector and the long-term copper story worldwide.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
FCX	Freeport-McMoRan	9.44%	$1.23M	$90.06B	60.69%	67 Neutral
LUN	Lundin Mining	4.32%	$565.34K	C$31.36B	189.69%	72 Outperform
SCCO	Southern Copper	3.86%	$504.21K	$157.16B	119.19%	73 Outperform
GLEN	Glencore	3.81%	$498.22K	£60.27B	57.34%	68 Neutral
ANTO	Antofagasta	3.73%	$488.47K	£38.02B	106.98%	69 Neutral
BHP	BHP Group Ltd	3.69%	$483.16K	AU$280.06B	51.20%	68 Neutral
FM	First Quantum Minerals	3.66%	$478.14K	C$28.88B	97.05%	73 Outperform
TECK	Teck Resources	3.46%	$451.97K	$26.34B	31.12%	66 Neutral
TGB	Taseko Mines	3.12%	$407.98K	$2.76B	244.50%	58 Neutral
ATYM	Atalaya Mining	2.82%	$368.89K	£1.42B	143.68%	73 Outperform

COPA Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

48.79

Negative

100DMA

42.78

Positive

200DMA

35.55

Positive

Market Momentum

MACD

0.30

Positive

RSI

39.88

Neutral

STOCH

16.60

Positive

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPA, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 50.81, equal to the 50-day MA of 48.79, and equal to the 200-day MA of 35.55, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 39.88 is Neutral, neither overbought nor oversold. The STOCH value of 16.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for COPA.

COPA Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
COPA	―	―	$13.08M	0.35%	58 Neutral
EVX	―	―	$99.82M	0.55%	64 Neutral
AUMI	―	―	$39.95M	0.35%	75 Outperform
FMTL	―	―	$23.81M	0.65%	64 Neutral
AGMI	―	―	$17.75M	0.35%	61 Neutral
AUAU	―	―	$7.80M	0.35%	72 Outperform

Performance Comparison

COPA

Themes Copper Miners ETF

46.56

24.74

113.38%

EVX

VanEck Environmental Services ETF

―

AUMI

Themes Gold Miners ETF

―

FMTL

First Trust Indxx Critical Metals ETF

―

AGMI

Themes Silver 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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