Paramount Gold Nevada Corp

PZG

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE MKT
Basic Materials
USA
Micro Cap

Paramount Gold Nevada Corp is not Shariah Compliant because it fails the financial ratios.

12.98%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
2.41

Shariah Compliance

Debt
16.69%
✓
Non-Compliant Assets
✓
Impure Income
12.98%
✗

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
34.42%
✗
Impure Income
12.98%
✗

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
26.52%
✓
Impure Income
12.98%
✗

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
32.07%
✓
Cash
20.18%
✓
Cash & AR
20.18%
✓
Impure Income
12.98%
✗

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
32.07%
✓
Cash
20.18%
✓
Cash & AR
20.18%
✓
Impure Income
12.98%
✗

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
12.98%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Paramount Gold Nevada Corp. is engaged in the business of acquiring, exploring and developing precious metals projects in the United States of America. The Company owns both exploration and development stage projects in the states of Nevada and Oregon. Its projects include Sleeper Gold Project, Grassy Mountain Project, and Bald Peak Project. The Sleeper Gold Project is located in Humboldt County, Nevada, approximately 26 miles northwest of the town of Winnemucca. The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. The project lies within the rolling high desert hills of the western Snake River Plain. The Bald Peak project is located in the Aurora mining district in Mineral County, Nevada and situated on a parallel structure to that which hosts the prolific open-pit Bodie, Aurora, and Borealis mines.

Found the Stock You’re Looking For? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?