Brokers Set Expectations for Parallel Mining Q4 Earnings

Parallel Mining Corp. (CVE:PAL) – Analysts at Clarus Securities dropped their Q4 2026 earnings estimates for Parallel Mining in a report issued on Friday, June 12th. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.11. Clarus Securities has a “Strong-Buy” rating on the stock.

Parallel Mining Stock Performance

Shares of Parallel Mining stock opened at C$0.15 on Thursday. The business has a 50-day moving average price of C$0.15 and a two-hundred day moving average price of C$0.15. Parallel Mining has a 1-year low of C$0.10 and a 1-year high of C$0.30. The company has a current ratio of 0.81, a quick ratio of 0.48 and a debt-to-equity ratio of 78.11. The company has a market cap of C$3.02 million and a P/E ratio of -1.53.

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.