Parallel Mining Q2 EPS Forecast Cut by Clarus Securities

Parallel Mining Corp. (CVE:PAL) – Analysts at Clarus Securities lowered their Q2 2026 earnings per share (EPS) estimates for Parallel Mining in a research report issued to clients and investors on Friday, July 31st. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings per share of ($0.06) for the quarter, down from their previous forecast of $0.01. Clarus Securities has a “Strong-Buy” rating on the stock. Clarus Securities also issued estimates for Parallel Mining’s Q3 2026 earnings at ($0.01) EPS, Q4 2026 earnings at $0.01 EPS and Q1 2027 earnings at $0.01 EPS.

Parallel Mining Stock Performance

Shares of PAL stock opened at C$0.15 on Tuesday. The company has a debt-to-equity ratio of 78.11, a current ratio of 0.81 and a quick ratio of 0.48. The company’s fifty day moving average price is C$0.15 and its two-hundred day moving average price is C$0.15. The firm has a market capitalization of C$3.02 million and a P/E ratio of -1.53. Parallel Mining has a 12 month low of C$0.10 and a 12 month high of C$0.30.

Parallel Mining Company Profile

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.