Parallel Mining Q4 EPS Forecast Raised by Clarus Securities

Parallel Mining Corp. (CVE:PAL) – Equities research analysts at Clarus Securities raised their Q4 2026 earnings per share (EPS) estimates for shares of Parallel Mining in a report released on Friday, May 1st. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.04 per share for the quarter, up from their previous forecast of $0.03. Clarus Securities currently has a “Strong-Buy” rating on the stock. Clarus Securities also issued estimates for Parallel Mining’s Q4 2027 earnings at $0.09 EPS.

Parallel Mining Price Performance

Shares of CVE:PAL opened at C$0.15 on Tuesday. The business’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15. The firm has a market capitalization of C$3.02 million and a price-to-earnings ratio of -1.53. The company has a debt-to-equity ratio of 78.11, a current ratio of 0.81 and a quick ratio of 0.48. Parallel Mining has a 12 month low of C$0.10 and a 12 month high of C$0.30.

About Parallel Mining

Parallel Mining Corp. acquires, explores for, develops, exploits, and evaluates base and precious metal properties in Canada and Africa. It holds an option to acquire a 100% interest in the Mane II gold property covering an area of 163 square kilometers located in the Kaya-Goren greenstone belt in Ouagadougou, Burkina Faso. The company was formerly known as Parallel Resources Ltd. and changed its name to Parallel Mining Corp. in December 2011. Parallel Mining Corp. was incorporated in 2007 and is based in Vancouver, Canada.