Ero Copper Corp

ERO.TO

Not Compliant
Exchange
Sector
Headquarters
Group
The Toronto Stock Exchange
Basic Materials
Canada
Small cap

Ero Copper Corp is not Shariah Compliant because it fails the financial ratios.

0.69%

Impure Income*

-

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Price Target (Low)
Price Target (High)
Total Analysts
Small cap
BUY
$18.78540564
$16.31
$23.20
15
Revenue Growth
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
39.64%
25.23%
-14.56%
0.46
0.67
31.43%

Shariah Compliance

  • Updated on September 24, 2025
Debt
42.01%
✗
Non-Compliant Assets
1.13%
✓
Impure Income
0.69%
✓

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
40.64%
✗
Impure Income
0.69%
✓

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
39.04%
✗
Impure Income
0.69%
✓

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
36.86%
✗
Cash
4.85%
✓
Cash & AR
5.57%
✓
Impure Income
0.69%
✓

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
36.86%
✗
Cash
4.85%
✓
Cash & AR
5.57%
✓
Impure Income
0.69%
✓

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
0.69%

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

Ero Copper Corp. is a copper producer with operations in Brazil. The Company’s primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A. (MCSA), 100% owner of the Company’s Caraiba Operations, which are located in the Curaca Valley, Bahia State, Brazil, and the Tucuma Operation, an open pit copper mine located in Para State, Brazil. The Company also owns 97.6% of NX Gold S.A. (NX Gold), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. It also has an agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajas Mineral Province in Para State, Brazil. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers (km) north-northwest of the capital city of Salvador. The Xavantina Operations are located in southeastern Mato Grosso State, Brazil, approximately 670 km east of the capital city of Cuiaba.

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?

Schedule a Free Consultation