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LITP - ETF AI Analysis
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Sprott Lithium Miners ETF (LITP)
Rating:44Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several of the largest positions, such as Pilbara Minerals and Liontown Resources, have delivered strong year-to-date performance, driving the fund’s returns.
Global Diversification
The ETF has exposure to multiple countries, including the USA, Australia, and Hong Kong, reducing reliance on a single geographic market.
Impressive Year-to-Date Performance
The ETF has shown strong year-to-date growth, reflecting the positive momentum in the lithium mining sector.
Negative Factors
Sector Over-Concentration
The ETF is heavily concentrated in the materials sector, making it highly sensitive to fluctuations in commodity prices.
High Expense Ratio
The fund charges a relatively high expense ratio compared to many ETFs, which could eat into long-term returns.
Underperforming Holding
One of the top holdings, Sigma Lithium, has delivered negative year-to-date performance, which could drag on overall returns.
LITP vs. SPDR S&P 500 ETF (SPY)
AUM48.31M
RegionGlobal
Expense Ratio0.65%
Beta1.43
IssuerSprott
Inception DateFeb 01, 2023
Dividend Yield6.27%
Asset ClassEquity
Index TrackedNasdaq Sprott Lithium Miners Index - Benchmark TR Gross
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume98,575
30 Day Avg. Volume81,407
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
13.03Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering37
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
LITP Summary
The Sprott Lithium Miners ETF (LITP) is an investment fund that focuses on companies involved in lithium mining, a key material used in batteries for electric vehicles (EVs) and renewable energy storage. It tracks the Nasdaq Sprott Lithium Miners Index and includes well-known companies like Albemarle and Pilbara Minerals. This ETF is ideal for investors looking to tap into the growth of the EV and clean energy industries while diversifying within the lithium mining sector. However, new investors should note that its performance is closely tied to the demand for lithium and the broader materials sector, which can be volatile.
How much will it cost me?The Sprott Lithium Miners ETF (LITP) 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 for ETFs because it is actively managed and focuses on a specific sector, requiring more research and management. It offers targeted exposure to the lithium mining industry, which is integral to the growing electric vehicle and renewable energy markets.
What would affect this ETF?The Sprott Lithium Miners ETF (LITP) could benefit from the growing demand for electric vehicles and renewable energy, which drives the need for lithium used in batteries. However, it may face challenges from fluctuating lithium prices, regulatory changes in mining practices, or slower-than-expected EV adoption rates globally. Its global exposure and focus on leading lithium mining companies provide diversification but also make it sensitive to geopolitical and economic conditions in key mining regions.
LITP Top 10 Holdings
The Sprott Lithium Miners ETF is riding the wave of global demand for lithium, but its performance is a mixed bag. Pilbara Minerals and Albemarle are steady contributors, benefiting from bullish momentum and strong demand in the EV and energy storage sectors. However, Ganfeng Lithium and Liontown Resources are holding the fund back, with financial struggles and bearish trends weighing on their stocks. The ETF is heavily concentrated in the materials sector, with a global footprint that taps into lithium mining hotspots worldwide, making it a thematic play on the energy transition.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Liontown Resources Limited | 10.16% | $4.20M | AU$4.76B | 184.81% | 36 Underperform | |
| Albemarle | 9.89% | $4.09M | $16.94B | 63.95% | 58 Neutral | |
| Sociedad Quimica Y Minera SA | 9.73% | $4.02M | $19.16B | 90.00% | 71 Outperform | |
| Ganfeng Lithium Co | 9.66% | $3.99M | HK$132.11B | 170.40% | 50 Neutral | |
| Pilbara Minerals | 9.64% | $3.98M | AU$13.88B | 105.78% | 59 Neutral | |
| IGO | 4.95% | $2.04M | AU$6.22B | 89.95% | 56 Neutral | |
| Sigma Lithium | 4.75% | $1.96M | $1.59B | 17.54% | ― | |
| Elevra Lithium | 4.75% | $1.96M | $888.22M | 98.52% | 54 Neutral | |
| Standard Lithium Ltd | 4.73% | $1.95M | $1.14B | 192.89% | ― | |
| Lithium Argentina | 4.17% | $1.72M | $968.85M | 109.09% | ― |
LITP Technical Analysis
Positive
―
Price Trends
10.94
Positive
9.54
Positive
7.57
Positive
Market Momentum
0.76
Negative
75.00
Negative
96.22
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For LITP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 12.19, equal to the 50-day MA of 10.94, and equal to the 200-day MA of 7.57, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 75.00 is Negative, neither overbought nor oversold. The STOCH value of 96.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LITP.
LITP Peer Comparison
Comparison Results
Performance Comparison
LITP
Sprott Lithium Miners ETF
14.24
7.82
121.81%
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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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