KAF Research sets IDR 2,600 target for Merdeka Copper Gold stock
Published on 10/13/2026 at 14:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
KAF Research set a fundamental target of IDR 2,600 for Merdeka Copper Gold stock on October 5, 2026, while the latest IDX price was IDR 2,900.00. The target sits 10.34 percent below the October 5 closing level of IDR 2,850.00 cited in the research, and 11.54 percent below the current price. According to KAF Sekuritas, the fundamental view was Hold, contrasting with a shorter-term technical Buy on Weakness signal.
Price sits below the yearly high
Merdeka Copper Gold stock was IDR 2,900.00 on the Indonesia Stock Exchange at 4:14 p.m. WIB on October 13, 2026. That was IDR 30.00 above the prior session close of IDR 2,870.00, equivalent to a 1.05 percent gain.
The price was 26.77 percent below the 52-week high of IDR 3,960.00 and 41.46 percent above the 52-week low of IDR 2,050.00. Trading volume reached 21,656,300 shares, compared with an average of 37,009,682 shares.
Valuation leaves a wide target gap
The market capitalization was IDR 70.8 trillion on October 13, 2026, while the price-to-earnings ratio was 70.27. The current valuation therefore stands well above the KAF fundamental target of IDR 2,600, a gap that separates the market quotation from the analyst firm's medium-term assessment.
The company is listed as MDKA.JK and operates in materials, with exposure to gold, copper and nickel projects in Indonesia. Its investor-relations page identifies quarterly reporting and the development of gold, copper and battery-material assets as central parts of the investment case.
Indonesia listing anchors the comparison
PT Merdeka Copper Gold Tbk is listed on the Indonesia Stock Exchange under MDKA, according to the company's first-half financial release dated September 26, 2026. The release described the group as an Indonesian mining and metals company focused on copper, gold and nickel, while also identifying PT Merdeka Battery Materials as part of the portfolio.
What the current quote means
For investors, the central tension is numerical: the stock is 11.54 percent above KAF Research's IDR 2,600 fundamental target, yet 26.77 percent below its 52-week high. The 1.05 percent daily increase also places the current quotation above the Xetra-style comparison base used for the prior session on the Indonesian listing.
Price data put Merdeka Copper Gold stock at IDR 2,900.00 on the Indonesia Stock Exchange on October 13, 2026 at 4:14 p.m. WIB, up 1.05 percent versus the prior close of IDR 2,870.00. The further course of trading is shown by the continuously updated real-time quote of Merdeka Copper Gold stock.
Merdeka Copper Gold market data
- Company: PT Merdeka Copper Gold Tbk
- ISIN: ID1000134406
- Ticker: MDKA.JK
- Primary exchange: Indonesia Stock Exchange
- Price on Indonesia Stock Exchange (as of October 13, 2026, 4:14 p.m. WIB): IDR 2,900.00
- Change versus prior close: plus 1.05 percent
- Prior close (October 12, 2026): IDR 2,870.00
- Market capitalization: IDR 70.8 trillion (as of October 13, 2026)
- 52-week range: IDR 2,050.00-3,960.00 (as of October 13, 2026)
- Sector / Industry: Materials / Metals and Mining
Market context: Market report IDX Composite.
