Marimaca Copper (MARI) AI Stock Analysis

• Market Cap: C$528.10M
• Dividend Yield: N/A
• Average Volume (3M): 9.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: N/A
• EPS Growth: -83.79%
• Country: CA
• Employees: 23
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Copper
• EPS (TTM): -0.20
• Shares Outstanding: 101,167,690
• 10 Day Avg. Volume: 11,343
• 30 Day Avg. Volume: 9,150
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 135.40
• Price to Cash Flow (P/CF): -44.70
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$6.75
• Price Target Upside: 28.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

The overall score reflects significant financial and operational challenges, compounded by negative income and reliance on external financing. However, positive corporate developments, such as the ASX listing and progress in environmental permitting, offer potential for future improvement. Nevertheless, technical indicators and valuation metrics suggest caution as the company navigates these challenges.

Positive Factors

Leadership

Recent leadership hires have been made in project design and execution positions to support Marimaca advancement.

Project Development

Marimaca has opportunities for positive news flow as it progresses permitting, as new studies are released, and as the project is developed.

Negative Factors

Project Scope

The tour provided an on-the-ground experience with senior management that highlighted subtle changes in project scope and design.

Marimaca Copper Business Overview & Revenue Model

Company Description

Marimaca Copper (MARI) is a mining company focused on the exploration and development of copper resources in Chile. The company operates primarily in the mining sector, with its core operations centered around the Marimaca Copper Project, which is considered one of the most significant copper discoveries in recent years. Marimaca Copper aims to become a leading supplier of copper, which is a crucial metal for various industries, including electronics, construction, and renewable energy.

How the Company Makes Money

Marimaca Copper generates revenue through the extraction and sale of copper ore from its mining operations. The company's primary revenue stream is derived from the sale of copper concentrate, which is processed and sold to refineries and smelters. These facilities further refine the concentrate into pure copper for industrial use. Key factors contributing to Marimaca Copper's earnings include the efficiency of its mining operations, fluctuations in global copper prices, and strategic partnerships with other mining and technology companies. Additionally, Marimaca Copper may engage in joint ventures or partnerships to facilitate exploration and development activities, thereby enhancing its production capabilities and market reach.

Marimaca Copper Financial Statement Overview

Summary

Marimaca Copper faces significant financial challenges with consistent net losses and negative cash flows. While the balance sheet is strong with a high equity ratio and low leverage, the overall financial health is undermined by poor income and cash flow performance.

Income Statement

Marimaca Copper has consistently reported zero revenue, with negative gross profit and net income, indicating ongoing financial challenges. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies and losses in the TTM period. These factors contribute to a low score in the income statement analysis.

Balance Sheet

The company maintains a strong equity position, with a high equity ratio of approximately 99% in the TTM period, indicating financial stability. The debt-to-equity ratio is low due to minimal total debt, which reduces financial risk. The return on equity is negative due to net losses, which detracts from the overall financial health.

Cash Flow

Marimaca Copper reports negative operating and free cash flows, highlighting liquidity challenges. The free cash flow growth rate is negative, and both the operating cash flow to net income and free cash flow to net income ratios are unfavorable, emphasizing significant cash flow issues.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-147.00K	0.00	-46.00K	-48.00K	-153.00K	-234.00K
	EBIT
-6.80M	-5.89M	-6.82M	-17.23M	-8.33M	-10.61M
	EBITDA
-8.99M	-5.84M	-8.53M	-17.19M	-6.75M	-10.22M
	Net Income Common Stockholders
-10.25M	-7.11M	1.57M	-19.25M	-558.00K	-16.75M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.50M	16.69M	14.64M	26.79M	13.85M	9.87M
	Total Assets
63.70M	95.60M	84.83M	92.80M	69.96M	58.06M
	Total Debt
20.15M	128.00K	0.00	3.00M	5.62M	18.47M
	Net Debt
5.65M	-16.56M	-14.64M	-23.79M	-8.23M	8.61M
	Total Liabilities
30.70M	1.20M	561.00K	9.49M	12.77M	26.53M
	Stockholders Equity
33.00M	94.39M	84.26M	83.31M	57.19M	31.53M
Cash Flow		Free Cash Flow
-14.43M	-12.97M	-24.78M	-20.48M	-16.84M	-20.86M
	Operating Cash Flow
-4.89M	-3.13M	-3.01M	-10.74M	-5.52M	-10.65M
	Investing Cash Flow
-9.54M	-9.85M	-5.78M	-9.74M	-11.48M	-2.71M
	Financing Cash Flow
23.84M	15.10M	-3.04M	33.41M	21.25M	8.74M

Marimaca Copper Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5.26
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MARI, the sentiment is Neutral. The current price of 5.26 is below the 20-day moving average (MA) of 5.45, below the 50-day MA of 5.49, and above the 200-day MA of 4.58, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 41.30 is Neutral, neither overbought nor oversold. The STOCH value of 35.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MARI.

Marimaca Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LUN	64 Neutral	$10.12B	25.63	0.24%	3.13%	-2.71%	-188.94%
FM	63 Neutral	$16.14B	―	0.02%	―	-24.38%	99.06%
CS	56 Neutral	$5.65B	50.33	2.90%	―	12.21%	―
Sector *	47 Neutral	$2.64B	-3.21	-21.68%	3.30%	4.19%	-30.23%
IVN	47 Neutral	$16.53B	56.29	5.25%	―	―	-33.54%
ERO	42 Neutral	$1.81B	67.52	-9.84%	―	11.68%	-169.49%
MARI	39 Underperform	C$528.10M	―	-13.43%	―	―	-83.79%

Marimaca Copper Corporate Events

Marimaca Copper Corp. Begins Trading on ASX, Expanding Capital Access

Marimaca Copper Corp. has commenced trading on the Australian Securities Exchange (ASX) as a Foreign Exempt Listing, marking a significant milestone in its development. This dual listing on the ASX and TSX is expected to broaden the company’s access to institutional capital, which is crucial for its development objectives, including becoming construction-ready by mid-2026. Additionally, Marimaca is pursuing an aggressive exploration program to support its growth ambitions and establish itself as a significant source of copper supply.

Marimaca Advances Environmental Permitting for Copper Project

Marimaca Copper Corp. has made significant progress in its environmental permitting process by receiving the ICSARA, a crucial milestone for its Marimaca Oxide Deposit project in Chile. This development underscores the company’s commitment to sustainability and positions it to potentially receive its Environmental Qualification Resolution by late 2025, indicating forward momentum in its copper development project.

Marimaca Copper Advances Strategic Integration with Pampa Medina Project Assessment

Marimaca Copper has appointed Stantec to conduct a Preliminary Economic Assessment (PEA) for the Pampa Medina Project Area, enhancing its strategic development plans. This integration aims to leverage existing infrastructure from the Marimaca Oxide Deposit, potentially increasing production scale and capturing significant cost benefits by developing the Pampa Medina and Madrugador deposits synergistically.

Marimaca Copper Plans Australian Securities Exchange Listing

Marimaca Copper Corp. announced its intention to list on the Australian Securities Exchange by lodging a prospectus with the Australian Securities and Investments Commission. The offering involves the issuance of CHESS Depository Interests, representing common shares to raise funds for general working capital. The listing is subject to regulatory approvals and is only available to invited investors in Australia, with trading expected to commence in March 2025.