Mirasol Resources Ltd (TSE:MRZ)
:MRZ
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Mirasol Resources
(MRZ)
Select Model
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Rating:40Underperform
Price Target:
C$0.32
▼(-41.27% Downside)
Action:DowngradedDate:04/25/26
The score is primarily constrained by very weak financial performance (zero/near-zero revenue, large losses, and substantial ongoing cash burn with a reduced equity cushion). Technicals also weigh on the result given a clear downtrend and weak momentum, while valuation metrics provide little support because earnings are negative and no dividend yield is provided.
Positive Factors
JV / option monetization model
Mirasol’s business model focuses on creating value through option and JV agreements where partners fund exploration and pay milestones. This structurally reduces the company’s direct capital requirements, preserves runway between financings, and increases optionality to monetize discoveries.
Negative Factors
Sustained negative operating cash flow
Persistent multi‑million dollar negative operating and free cash flow shows the company is burning cash to fund exploration. Over a 2–6 month horizon this increases dilution and financing risk, potentially forcing asset sales or rushed JV terms that dilute long‑term value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
JV / option monetization model
Mirasol’s business model focuses on creating value through option and JV agreements where partners fund exploration and pay milestones. This structurally reduces the company’s direct capital requirements, preserves runway between financings, and increases optionality to monetize discoveries.
Read all positive factors
Mirasol Resources (MRZ) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.89M
Dividend YieldN/A
Average Volume (3M)76.05K
Price to Earnings (P/E)―
Beta (1Y)1.66
Revenue GrowthN/A
EPS Growth38.81%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.00
Shares Outstanding88,597,190
10 Day Avg. Volume37,540
30 Day Avg. Volume76,050
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)-132.55
Price to Sales (P/S)0.00
P/FCF Ratio-3.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mirasol Resources Business Overview & Revenue Model
Company Description
Mirasol Resources Ltd. engages in the acquisition and exploration of mineral properties primarily in Chile and Argentina. The company explores for gold, silver, and copper deposits. Its flagship projects include the Sobek Cu project, which covers ...
How the Company Makes Money
Mirasol Resources generally makes money by creating value in mineral exploration assets and monetizing that value through transactions with other mining companies rather than through mineral production. Key revenue sources can include: (1) option ...
Mirasol Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
32
Negative
Cash Flow
20
Very Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 15.98K | 496.70K | 912.92K |
| Gross Profit | -60.45K | -54.12K | -64.50K | -53.07K | 399.94K | 806.68K |
| EBITDA | -8.29M | -9.85M | -8.84M | -9.70M | -4.95M | -5.21M |
| Net Income | -6.22M | -9.95M | -8.92M | -9.80M | -5.08M | -5.96M |
Balance Sheet | ||||||
| Total Assets | 3.83M | 3.35M | 4.31M | 10.19M | 8.47M | 13.48M |
| Cash, Cash Equivalents and Short-Term Investments | 2.34M | 1.68M | 2.44M | 8.28M | 6.42M | 11.20M |
| Total Debt | 1.16M | 2.80M | 74.00K | 140.81K | 197.19K | 244.67K |
| Total Liabilities | 2.01M | 3.57M | 622.60K | 885.35K | 672.43K | 1.14M |
| Stockholders Equity | 1.82M | -220.51K | 3.69M | 9.31M | 7.80M | 12.33M |
Cash Flow | ||||||
| Free Cash Flow | -6.86M | -8.57M | -8.39M | -8.67M | -5.09M | -5.38M |
| Operating Cash Flow | -6.79M | -8.57M | -8.31M | -8.58M | -5.05M | -5.23M |
| Investing Cash Flow | 2.08M | -66.34K | 322.13K | 514.63K | 479.38K | 7.33M |
| Financing Cash Flow | 3.94M | 7.92M | 2.26M | 10.31M | -92.74K | -201.41K |
Mirasol Resources Technical Analysis
Positive
0.55
Price Trends
0.51
Positive
0.51
Negative
0.46
Positive
Market Momentum
>-0.01
Negative
55.64
Neutral
63.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRZ, the sentiment is Positive. The current price of 0.55 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.51, and above the 200-day MA of 0.46, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.64 is Neutral, neither overbought nor oversold. The STOCH value of 63.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MRZ.
Mirasol Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | C$59.90M | -5.46 | -44.49% | ― | ― | 67.76% | |
49 Neutral | C$36.04M | -2.02 | ― | ― | ― | 70.07% | |
47 Neutral | C$36.29M | -1.93 | -53.21% | ― | ― | -72.13% | |
44 Neutral | C$39.44M | -6.07 | -51.11% | ― | ― | 43.37% | |
42 Neutral | C$26.76M | -13.90 | -57.87% | ― | ― | -868.42% | |
40 Underperform | C$31.89M | -1,187.78 | -1239.88% | ― | ― | 38.81% |
* Basic Materials Sector Average
TSE:MRZ
Mirasol Resources
0.35
-0.02
-4.17%
TSE:CN
Condor Resources
0.18
0.07
63.64%
TSE:WEX
Western Exploration Inc
0.72
-0.09
-11.11%
TSE:DMET
Denarius Metals Corp
0.58
0.00
0.00%
TSE:GBU
Gabriel Resources
0.13
0.04
44.44%
TSE:CAM
Cascadia Minerals Ltd
0.33
0.25
306.25%
Mirasol Resources Corporate Events
Business Operations and StrategyM&A Transactions
Mirasol Cuts US$4 Million Deal to Sell Chilean Rubi Copper Project While Keeping Royalty Upside
Positive
Mar 19, 2026
Mirasol Resources has signed a binding letter of intent with San Lorenzo Gold Corp. for an exclusive option to acquire its 100%-owned Rubi Copper Project in northern Chile for total consideration of US$4 million, structured in staged payments and ...
Business Operations and StrategyM&A Transactions
Mirasol Sells Mendoza Copper Portfolio to Argentina Metals for Cash and Shares
Positive
Jan 26, 2026
Mirasol Resources has signed an asset purchase agreement to sell a portfolio of 14 grassroots copper porphyry exploration projects in Mendoza, Argentina, totaling 89,070 hectares, to Mises Metals S.A.S., a wholly owned subsidiary of Argentina Meta...
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.