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COPP - AI Analysis
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Sprott Copper Miners ETF (COPP)
Rating:55Neutral
Price Target:
$30.00
Positive Factors
Strong Recent Performance
The ETF has delivered solid gains over the year-to-date, one-month, and three-month periods, indicating positive momentum.
Global Geographic Exposure
The fund invests in companies across multiple countries, including the U.S., Canada, UK, and Australia, providing diversification beyond a single market.
Top Holdings Driving Growth
Several top holdings, such as Antofagasta, Hudbay Minerals, and KGHM Polska Miedz SA, have shown strong year-to-date performance, supporting the fund's returns.
Negative Factors
Sector Concentration Risk
The ETF is heavily concentrated in the materials sector, which makes it vulnerable to downturns in commodity prices or sector-specific risks.
High Expense Ratio
The fund charges a relatively high expense ratio compared to broader market ETFs, which can eat into investor returns over time.
Underperforming Holding
Ivanhoe Mines, one of the top holdings, has shown negative year-to-date performance, which could drag on overall fund performance.
COPP vs. SPDR S&P 500 ETF (SPY)
AUM57.67M
RegionGlobal
Expense Ratio0.65%
Beta1.34
IssuerSprott
Inception DateMar 05, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNasdaq Sprott Copper Miners Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume51,499
30 Day Avg. Volume46,672
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
30.98Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering55
COPP Summary
The Sprott Copper Miners ETF (Ticker: COPP) focuses on companies involved in copper mining, a critical material for renewable energy and technology like electric vehicles and solar panels. It tracks the Nasdaq Sprott Copper Miners Index and includes well-known companies such as Freeport-McMoRan and Antofagasta. This ETF could be appealing for investors looking to benefit from the growing demand for copper and diversify into the materials sector. However, it’s important to note that the fund is heavily tied to the copper industry, meaning its performance can fluctuate with changes in copper prices and global demand.
How much will it cost me?The Sprott Copper Miners ETF has an expense ratio of 0.65%, which means you’ll pay $6.50 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a specialized niche in the copper mining sector.
What would affect this ETF?The Sprott Copper Miners ETF could benefit from the growing demand for copper driven by the global transition to renewable energy and increased use in electric vehicles and green technologies. However, it may face challenges from fluctuating copper prices, regulatory changes in mining regions, or economic slowdowns that reduce industrial demand for materials. Its global exposure and reliance on top holdings like Freeport-McMoRan and Antofagasta make it sensitive to both sector-specific trends and broader economic conditions.
COPP Top 10 Holdings
The Sprott Copper Miners ETF is riding the wave of global demand for copper, with a clear focus on the materials sector and a diverse geographic mix. Freeport-McMoRan, the fund’s largest holding, has been lagging recently, putting a damper on overall performance despite its long-term growth potential. On the brighter side, Antofagasta and Lundin Mining are rising stars, benefiting from strong operational momentum and favorable market conditions. Southern Copper and Hudbay Minerals are also steady contributors, showcasing solid financial health. This ETF’s concentrated bet on copper miners positions it as a niche play on the green energy transition.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Freeport-McMoRan | 18.68% | $10.76M | $59.87B | -8.53% | 67 Neutral | |
| Antofagasta | 10.10% | $5.82M | £27.51B | 58.25% | 69 Neutral | |
| Teck Resources | 8.32% | $4.79M | $20.94B | -8.19% | 63 Neutral | |
| Lundin Mining | 5.81% | $3.35M | C$19.32B | 64.66% | 64 Neutral | |
| Southern Copper | 5.25% | $3.03M | $112.73B | 30.34% | 78 Outperform | |
| Hudbay Minerals | 5.24% | $3.02M | $6.33B | 76.60% | ― | |
| KGHM Polska Miedz SA | 4.88% | $2.81M | zł38.77B | 40.26% | 71 Outperform | |
| First Quantum Minerals | 4.79% | $2.76M | C$24.29B | 58.36% | 65 Neutral | |
| ― | 4.53% | $2.61M | ― | ― | ― | |
| Ivanhoe Mines | 4.41% | $2.54M | C$19.00B | -25.46% | 69 Neutral |
COPP Technical Analysis
Positive
―
Price Trends
27.39
Positive
25.11
Positive
22.69
Positive
Market Momentum
0.52
Positive
52.90
Neutral
66.15
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For COPP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 29.47, equal to the 50-day MA of 27.39, and equal to the 200-day MA of 22.69, indicating a neutral trend. The MACD of 0.52 indicates Positive momentum. The RSI at 52.90 is Neutral, neither overbought nor oversold. The STOCH value of 66.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COPP.
COPP Peer Comparison
Comparison Results
Performance Comparison
COPP
Sprott Copper Miners ETF
29.11
5.45
23.03%
FTRI
First Trust Indxx Global Natural Resources Income ETF
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METL
Sprott Active Metals & Miners ETF
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AUMI
Themes Gold Miners ETF
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AGMI
Themes Silver Miners ETF
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COPA
Themes Copper Miners ETF
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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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