Analysts Issue Forecasts for Parallel Mining FY2026 Earnings

Parallel Mining Corp. (CVE:PAL) – Investment analysts at Clarus Securities issued their FY2026 earnings per share estimates for shares of Parallel Mining in a research report issued to clients and investors on Friday, July 31st. Clarus Securities analyst S. Kammermayer forecasts that the company will post earnings per share of ($0.21) for the year. Clarus Securities has a “Strong-Buy” rating on the stock. Clarus Securities also issued estimates for Parallel Mining’s Q2 2027 earnings at $0.08 EPS, Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.13 EPS and FY2027 earnings at $0.36 EPS.

Parallel Mining Stock Performance

Shares of Parallel Mining stock opened at C$0.15 on Monday. The firm’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.15. Parallel Mining has a 12 month low of C$0.10 and a 12 month high of C$0.30. The stock 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.

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.