COPP - ETF AI Analysis
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Sprott Copper Miners ETF (COPP)
Rating:55Neutral
Price Target:―
Positive Factors
Strong Year-to-Date Performance
The ETF has delivered solid gains so far this year, indicating that its focus on copper miners has recently been rewarded.
Leading Holdings Showing Strong Momentum
Several of the largest positions, including major copper miners, have posted strong year-to-date performance, helping drive the fund’s overall results.
Global Exposure Within Copper Mining
Holdings spread across the U.S., Canada, the U.K., and other countries provide geographic diversification within the copper mining industry.
Negative Factors
High Concentration in Top Holding
The largest position makes up a significant share of the portfolio, increasing the fund’s sensitivity to news and performance from that single company.
Sector Concentration in Materials
With most assets in the materials sector and specifically copper miners, the ETF is heavily exposed to swings in commodity prices and mining industry conditions.
Relatively High Expense Ratio
The fund’s management fee is on the higher side for an ETF, which can eat into long-term returns compared with lower-cost alternatives.
COPP vs. SPDR S&P 500 ETF (SPY)
AUM265.32M
RegionGlobal
Expense Ratio0.66%
Beta1.61
IssuerSprott
Inception DateMar 05, 2024
Dividend Yield2.14%
Asset ClassEquity
Index TrackedNasdaq Sprott Copper Miners Index - Benchmark TR Net
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume66,214
30 Day Avg. Volume134,589
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
44.72Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering72
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
COPP Summary
The Sprott Copper Miners ETF (COPP) is a fund that tracks the Nasdaq Sprott Copper Miners Index, focusing on companies that mine and produce copper. It mainly holds materials-sector stocks from countries like the U.S. and Canada, including well-known names such as Freeport-McMoRan and Teck Resources. Investors might consider this ETF if they want to benefit from growing demand for copper used in electric cars, solar panels, and other green technologies, and to add a focused materials play to their portfolio. A key risk is that it is heavily tied to copper prices, so its value can rise and fall sharply with the commodity and mining sector.
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
COPP is essentially a pure play on global copper miners, with performance heavily steered by a few big names. Freeport-McMoRan sits in the driver’s seat, with steady-to-rising returns that help anchor the fund, while Teck Resources and Southern Copper add more fuel with solid recent momentum. First Quantum and Lundin Mining are also contributing, though their ride has been a bit bumpier. On the flip side, Antofagasta, KGHM, and Hudbay have been lagging, acting like weights on the portfolio. Overall, this is a concentrated bet on the materials sector and the copper story worldwide.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Freeport-McMoRan | 25.35% | $67.27M | $90.03B | 57.45% | 67 Neutral | |
| Teck Resources | 9.92% | $26.33M | $29.50B | 85.17% | 66 Neutral | |
| Antofagasta | 8.90% | $23.61M | £36.03B | 91.36% | 69 Neutral | |
| Southern Copper | 5.03% | $13.36M | $152.44B | 107.31% | 73 Outperform | |
| KGHM Polska Miedz SA | 4.96% | $13.16M | zł61.59B | 132.00% | 71 Outperform | |
| ― | 4.84% | $12.85M | ― | ― | ― | |
| First Quantum Minerals | 4.65% | $12.35M | C$32.42B | 63.87% | 73 Outperform | |
| Lundin Mining | 4.28% | $11.36M | C$29.70B | 144.70% | 72 Outperform | |
| Hudbay Minerals | 4.16% | $11.03M | $10.07B | 152.97% | ― | |
| Capstone Copper | 3.36% | $8.91M | C$10.17B | 58.09% | 73 Outperform |
COPP Technical Analysis
Positive
―
Price Trends
39.49
Positive
38.67
Positive
36.81
Positive
Market Momentum
0.12
Negative
60.75
Neutral
79.48
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 37.92, equal to the 50-day MA of 39.49, and equal to the 200-day MA of 36.81, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 60.75 is Neutral, neither overbought nor oversold. The STOCH value of 79.48 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
41.21
19.66
91.23%
SLVP
iShares MSCI Global Silver Miners ETF
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―
―
SGDM
Sprott Gold Miners ETF
―
―
―
MXI
iShares Global Materials ETF
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―
―
SLX
VanEck Steel ETF
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―
―
COPJ
Sprott Junior Copper Miners ETF
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―
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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.
DisclaimerThis 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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