Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Marimaca Copper ( (TSE:MARI) ) just unveiled an update.
Marimaca Copper reported Phase II drilling results from its Pampa Medina deposit in Chile, where scout holes on a wide grid have significantly extended the known oxide copper footprint to the north-east, intersecting broad, high-grade oxide intervals up to 800 metres beyond the historical mineralized area, while several other holes encountered structurally disrupted but still notable copper intervals. Deep sulphide drilling is underway in the central western high-grade zone, and with assays pending and ICP analysis in progress to evaluate potential silver credits, the company is re-evaluating the scope of its Pampa Oxide economic study to potentially scale up the project and enhance its resource base and mine life alongside the Marimaca Oxide Deposit.
The most recent analyst rating on (TSE:MARI) stock is a Hold with a C$12.50 price target. To see the full list of analyst forecasts on Marimaca Copper stock, see the TSE:MARI Stock Forecast page.
Spark’s Take on TSE:MARI Stock
According to Spark, TipRanks’ AI Analyst, TSE:MARI is a Neutral.
The score is primarily held back by weak financial performance (no revenue, widening losses, and rising cash burn) despite a strong, low-debt balance sheet. Technicals are supportive due to a clear uptrend, but overbought signals reduce confidence. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
To see Spark’s full report on TSE:MARI stock, click here.
More about Marimaca Copper
Marimaca Copper is a copper exploration and development company listed in Toronto and Sydney, focused on advancing its Marimaca Oxide Deposit and satellite manto-style copper systems in Chile’s Atacama Desert, where it is targeting both oxide and sulphide mineralization with potential by-product silver in line with similar coastal cordillera deposits.
Average Trading Volume: 39,187
Technical Sentiment Signal: Buy
Current Market Cap: C$1.42B
Find detailed analytics on MARI stock on TipRanks’ Stock Analysis page.