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
Low leverage & strong equity base
Extremely low leverage and materially higher equity provide durable financial flexibility for a development-stage miner. This reduces near-term refinancing pressure, supports funding of project studies and permitting, and lengthens runway versus higher-leverage peers while development continues.
Negative Factors
Pre-revenue with widening losses
Being pre-revenue means no operating cash inflows to offset development spend. Losses have widened materially, reducing cumulative equity returns and increasing reliance on external funding. Until revenue/profitability is achieved, profitability visibility and self-funding are limited.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong equity base
Extremely low leverage and materially higher equity provide durable financial flexibility for a development-stage miner. This reduces near-term refinancing pressure, supports funding of project studies and permitting, and lengthens runway versus higher-leverage peers while development continues.
Read all positive factors
Marimaca Copper (MARI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.10B
Dividend YieldN/A
Average Volume (3M)66.85K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue GrowthN/A
EPS Growth-107.42%
CountryCA
Employees23
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-0.42
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. is engaged in the acquisition, exploration, and development of mineral properties across the United States and Chile. The company's focus includes discovering deposits of copper, iron ore, gold, and various other base and pre...
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
Neutral
9.11
Price Trends
8.25
Negative
9.08
Negative
10.04
Negative
Market Momentum
-0.04
Negative
51.07
Neutral
73.81
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 9.11 is above the 20-day moving average (MA) of 7.93, above the 50-day MA of 8.25, and below the 200-day MA of 10.04, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 51.07 is Neutral, neither overbought nor oversold. The STOCH value of 73.81 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | C$1.23B | 9.73 | 12.78% | ― | 14.21% | -23.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | C$1.67B | -50.10 | -39.74% | ― | ― | 0.40% | |
55 Neutral | C$1.96B | -49.81 | -15.03% | ― | ― | -120.73% | |
52 Neutral | C$392.79M | -361.75 | -1.26% | ― | ― | -72.73% | |
48 Neutral | C$1.10B | -23.45 | -17.73% | ― | ― | -107.42% | |
46 Neutral | C$379.91M | -36.37 | -6.57% | ― | ― | -266.01% |
* Basic Materials Sector Average
TSE:MARI
Marimaca Copper
8.13
2.10
34.83%
TSE:FDY
Faraday Copper
5.73
4.93
616.25%
TSE:CUU
Copper Fox Metals
0.67
0.42
162.75%
TSE:III
Imperial Metals
6.93
2.13
44.38%
TSE:LA
Los Andes Copper
12.50
6.44
106.27%
TSE:ASCU
Arizona Sonoran Copper Co.
9.37
7.30
352.66%
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.