Brokers Issue Forecasts for Parallel Mining Q2 Earnings

Parallel Mining Corp. (CVE:PAL) – Equities researchers at Clarus Securities reduced their Q2 2027 earnings estimates for shares of Parallel Mining in a research note issued on Tuesday, September 1st. Clarus Securities analyst S. Kammermayer now expects that the company will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.08. Clarus Securities also issued estimates for Parallel Mining’s Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.10 EPS and FY2027 earnings at $0.26 EPS.

Parallel Mining Stock Up 7.1%

CVE:PAL opened at C$0.15 on Wednesday. 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 200-day moving average price is C$0.15. Parallel Mining has a 1-year low of C$0.10 and a 1-year high of C$0.30. The firm has a market capitalization of C$3.02 million and a P/E ratio of -1.53.

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.