Marimaca Copper (TSE:MARI)
TSX:MARI
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Marimaca Copper
(TSX:MARI)
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Rating:48Neutral
Price Target:
C$7.00
▼(-23.16% Downside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (no revenue, widening losses, and accelerating cash burn), partially offset by a low-leverage balance sheet. Technicals are mixed with only modest short-term improvement versus a weaker long-term trend, and valuation remains challenging due to negative earnings and no dividend yield.
Positive Factors
Very low leverage
Extremely low debt gives durable financial flexibility for a capital-intensive development cycle. With minimal interest burden, the company can pursue permitting, studies and staged capex with lower refinancing pressure than leveraged peers, reducing project financing tail risk.
Negative Factors
Pre-revenue and widening losses
Being pre-revenue with materially worsening net losses creates persistent funding needs and absent operating cash inflows. Over the medium term this erodes optionality, forces external financing or dilution, and delays the point at which capital investments can be recovered.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low debt gives durable financial flexibility for a capital-intensive development cycle. With minimal interest burden, the company can pursue permitting, studies and staged capex with lower refinancing pressure than leveraged peers, reducing project financing tail risk.
Read all positive factors
Marimaca Copper (MARI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.01B
Dividend YieldN/A
Average Volume (3M)66.85K
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue GrowthN/A
EPS Growth-107.42%
CountryCA
Employees46
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.28
Shares Outstanding134,980,260
10 Day Avg. Volume33,014
30 Day Avg. Volume66,852
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)5.06
Price to Sales (P/S)0.00
P/FCF Ratio-24.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$15.50Price Target Upside70.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.12
Revenue Forecast (FY)N/A
Marimaca Copper Business Overview & Revenue Model
Company Description
Marimaca Copper Corp. engages in the exploration and development of base metal projects in Chile. The company explores for copper, gold, and other mineral deposits. Its flagship project is the 100% owned Marimaca copper project located to the east...
How the Company Makes Money
null...
Marimaca Copper Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -205.00K | 0.00 | 0.00 | -46.00K | -48.00K |
| EBITDA | -28.95M | -14.24M | -5.84M | -6.77M | -17.19M |
| Net Income | -26.28M | -13.75M | -7.11M | -2.16M | -18.81M |
Balance Sheet | |||||
| Total Assets | 178.53M | 112.38M | 95.60M | 84.83M | 92.80M |
| Cash, Cash Equivalents and Short-Term Investments | 66.78M | 22.65M | 16.69M | 14.64M | 26.79M |
| Total Debt | 934.00K | 45.00K | 128.00K | 0.00 | 3.00M |
| Total Liabilities | 5.59M | 2.81M | 1.20M | 561.00K | 9.49M |
| Stockholders Equity | 172.94M | 109.58M | 94.39M | 84.26M | 83.31M |
Cash Flow | |||||
| Free Cash Flow | -35.23M | -17.76M | -12.97M | -24.78M | -20.48M |
| Operating Cash Flow | -18.81M | -5.74M | -3.13M | -3.01M | -10.74M |
| Investing Cash Flow | -16.41M | -12.02M | -9.85M | -5.78M | -9.74M |
| Financing Cash Flow | 79.21M | 23.73M | 15.10M | -3.04M | 33.41M |
Marimaca Copper Technical Analysis
Negative
9.11
Price Trends
8.16
Negative
8.91
Negative
10.00
Negative
Market Momentum
-0.12
Positive
36.51
Neutral
28.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MARI, the sentiment is Negative. The current price of 9.11 is above the 20-day moving average (MA) of 7.86, above the 50-day MA of 8.16, and below the 200-day MA of 10.00, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 36.51 is Neutral, neither overbought nor oversold. The STOCH value of 28.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MARI.
Marimaca Copper Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$1.15B | 8.23 | 12.78% | ― | 14.21% | -23.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$1.63B | -44.65 | -39.74% | ― | ― | 0.40% | |
55 Neutral | C$1.81B | -39.51 | -15.03% | ― | ― | -120.73% | |
52 Neutral | C$398.65M | -600.00 | -1.26% | ― | ― | -72.73% | |
48 Neutral | C$1.01B | -17.82 | -17.73% | ― | ― | -107.42% | |
46 Neutral | C$349.51M | -32.96 | -6.57% | ― | ― | -266.01% |
* Basic Materials Sector Average
TSE:MARI
Marimaca Copper
7.22
0.17
2.41%
TSE:FDY
Faraday Copper
5.44
4.54
504.44%
TSE:CUU
Copper Fox Metals
0.67
0.42
168.00%
TSE:III
Imperial Metals
6.27
1.30
26.16%
TSE:LA
Los Andes Copper
11.64
5.69
95.63%
TSE:ASCU
Arizona Sonoran Copper Co.
7.87
5.64
252.91%
Marimaca Copper Corporate Events
Business Operations and StrategyExecutive/Board Changes
Marimaca Copper Overhauls Board to Back Next Phase of Chilean Mine Development
Positive
Mar 30, 2026
Marimaca Copper has strengthened its board with the appointment of veteran project engineer Zenon Wozniak as an independent non-executive director and chair of the Project Steering Technical Committee. Wozniak brings more than 40 years of global ...
Glossary
BuyA stock 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 stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock 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 stock may deliver lower returns compared to other stocks 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 Stock 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 stocks 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.