Amman Mineral Internasional, ID1000191109

CGS sets IDR 7,000 target for Amman Mineral Internasional stock

Published on 10/21/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Half-year profit reached USD 497.93 million versus a USD 148.72 million loss. CGS gives Amman Mineral Internasional stock an Add rating.

Sales recovery and analyst target

CGS International set an IDR 7,000 target on October 12, 2026.
First-half 2026 sales reached USD 2,052.41 million, versus USD 182.60 million a year earlier.
Amman Mineral Internasional had a market capitalization of IDR 270.8 trillion on October 21, 2026.
Exploration spending reached USD 3.06 million in the third quarter of 2026.

Amman Mineral Internasional, ID1000191109, Illustration mit AI erstellt.

CGS International set an IDR 7,000 price target for Amman Mineral Internasional stock on October 12, 2026, while the company reported USD 2,052.41 million in first-half sales. MarketScreener carried the results and the related analyst action. The figures put the mining group at a more important operating checkpoint than its recent share-price swings.

Profit recovery changes the picture

For the half year ended June 30, 2026, sales rose from USD 182.60 million a year earlier to USD 2,052.41 million. Net income reached USD 497.93 million, compared with a net loss of USD 148.72 million in the same period of 2025, according to MarketScreener. The comparison matters because it shows a reversal from loss to profit alongside the sharp increase in sales.

Three dates mark the turnaround

On September 21, 2026, Amman reported first-half sales of USD 2,052.41 million and net income of USD 497.93 million, according to MarketScreener. On October 9, 2026, exploration spending for the third quarter reached USD 3.06 million, including USD 2.75 million for the Elang block, according to BCA Sekuritas. On October 20, 2026, Investor.id reported that Phintraco cited first-half sales of USD 2.05 billion and net income of USD 503.69 million.

What does the target imply?

The IDR 7,000 target is more than a simple earnings reference. CGS linked its view to the second phase of Batu Hijau mining, stronger ore grades, smelter utilization and lower capital spending, while its research projected copper cathode sales of 124,000 tons and refined gold sales of 243,000 ounces for 2026, as reported by Kontan. The main counterweight is execution risk around mining permits, export rules and the Elang project timetable.

Stock value and operating scale

Amman Mineral Internasional had a market capitalization of IDR 270.8 trillion on October 21, 2026. Its last available IDX quote was IDR 3,740 on October 21, 2026 at 4:14 p.m. WIB. The business spans copper and gold mining, processing, smelting and refining, with Batu Hijau as its operating mine and Elang as its development project.