BRI Danareksa sets IDR 3,450 target for Antam stock at buy rating

Published on 10/21/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Antam earned IDR 6.91 trillion in first-half 2026. Antam stock costs EUR 0.14 at Lang & Schwarz on October 21, 2026.

Profit and targets frame the story

BRI Danareksa set an IDR 3,450 target for Antam on October 21, 2026.
Antam reported IDR 6.91 trillion in first-half 2026 profit, up 34 percent year over year.
Antam stock traded at EUR 0.14 at 9:36 a.m. CEST at Lang & Schwarz on October 21, 2026.

Antam, ID1000106602, Illustration mit AI erstellt.

Antam (ID1000106602) drew a fresh IDR 3,450 price target from BRI Danareksa Sekuritas on October 21, 2026, while its first-half profit reached IDR 6.91 trillion. The recommendation keeps the Indonesian metals producer in view after a strong interim performance.

Target reflects first-half profit

According to Investor Daily on October 21, 2026, BRI Danareksa retained a buy recommendation and set the target at IDR 3,450. The report cited Antam's IDR 6.91 trillion net profit for the first half of 2026, a 34 percent increase from the same period in 2025.

The target is supported by a profit figure that already represents 69.7 percent of BRI Danareksa's full-year 2026 estimate of IDR 9.2 trillion. The same research cited first-half revenue of IDR 62.7 trillion and maintained a full-year revenue estimate of IDR 118.7 trillion.

What drives the earnings mix?

PT ANTAM reported on August 28, 2026, that first-half net sales rose 6 percent to IDR 62.71 trillion. Gold contributed IDR 50.39 trillion, or 80 percent of total sales, while nickel sales increased 32 percent to IDR 10.41 trillion and bauxite and alumina sales rose 28 percent to IDR 1.88 trillion.

The chronology shows three important markers: Antam reported IDR 6.91 trillion in first-half profit on August 28, 2026; Nomura cut its target from IDR 6,100 to IDR 5,300 on September 15, 2026, according to MarketScreener; and BRI Danareksa set the IDR 3,450 target on October 21, 2026.

Stock trades at EUR 0.14

For investors in Germany, the key distinction is between the Indonesian operating result and the euro quotation. The company is listed as ANTM on the Indonesia Stock Exchange, according to StockAnalysis. The primary-market quote stood at IDR 2,700 at 7:33 a.m. UTC on October 21, 2026, while the 52-week range was IDR 2,380.00 to IDR 4,970.00.

Antam was trading at EUR 0.14 at Lang & Schwarz on October 21, 2026 at 9:36 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Antam stock.