Amman Mineral Internasional, ID1000191109

Nomura lifts target for Amman Mineral Internasional stock to IDR 6,400

Published on 10/14/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nomura lifted 2026 gold guidance to 775,000 ounces. Amman Mineral Internasional stock is IDR 4,330 on October 14, 2026, down 0.23 percent on IDX.

Analyst view and market measures

Nomura raised its Amman Mineral Internasional target to IDR 6,400 on October 1, 2026.
Nomura's 2026 gold guidance reached 775,000 ounces.
Amman Mineral Internasional stock was IDR 4,330.00 at 3:49 p.m. WIB on October 14, 2026, down 0.23 percent on IDX.
The price-to-earnings ratio stood at 19.64 on October 14, 2026.

Amman Mineral Internasional, ID1000191109, Illustration mit AI erstellt.

Nomura raised its target for Amman Mineral Internasional stock to IDR 6,400 from IDR 5,400 on October 1, 2026, according to RCTI+. The target lies 47.81 percent above the stock price, using the IDR 4,330.00 IDX price on October 14, 2026. The stock was down 0.23 percent on IDX at 3:49 p.m. WIB.

Gold guidance reaches 775,000 ounces

Nomura also cited Amman Mineral Internasional's 2026 gold production guidance of 775,000 ounces, 34.00 percent above the earlier level. The change gives the analyst target a clear operating reference, while the stock remains well below the revised valuation mark.

The same RCTI+ report said second-quarter concentrate sales reached 90,066 dry metric tons, compared with 30,013 dry metric tons in the first quarter of 2026. Gold sales in concentrate reached 90,162 ounces in the second quarter, while refined gold sales reached 49,501 ounces.

Stock stays below its yearly high

Amman Mineral Internasional stock traded between IDR 2,710.00 and IDR 8,500.00 over the 52 weeks to October 14, 2026. At IDR 4,330.00, the price stood 49.06 percent below the 52-week high and 59.78 percent above the 52-week low.

The market capitalization was IDR 313.5 trillion on October 14, 2026, while trading volume reached 33,349,600 shares against an average volume of 78,502,471. That volume was 57.52 percent below the stated average, giving the day's modest price decline limited turnover support.

Valuation versus mining peers

Amman Mineral Internasional: down 0.23 percent, price-to-earnings ratio 19.64, market capitalization IDR 313.5 trillion.

PT ANTAM (Persero) (IDX, IDR): down 1.61 percent, price-to-earnings ratio 8.23, market capitalization IDR 73.3 trillion.

PT Merdeka Copper Gold (IDX, IDR): unchanged, price-to-earnings ratio 70.43, market capitalization IDR 70.8 trillion.

Half-year results frame the valuation

In the half year ended June 30, 2026, sales reached USD 2.05 billion versus USD 182.6 million a year earlier, while net income reached USD 497.93 million versus a net loss of USD 148.72 million. MarketScreener published the figures on September 21, 2026.

Amman Mineral Internasional operates the Batu Hijau copper and gold mine and is developing the Elang project in Indonesia. Its investor materials also describe copper smelting, precious-metals refining and LNG infrastructure as part of the operating portfolio.

Price and target remain widely separated

The IDR 6,400 target and the IDR 4,330.00 market price leave a 47.81 percent target premium. The comparison is based on the same currency, while the 19.64 price-to-earnings ratio places Amman above ANTAM's 8.23 but below Merdeka Copper Gold's 70.43.

Amman Mineral Internasional was last at IDR 4,330.00 on IDX on October 14, 2026 at 3:49 p.m. WIB, down 0.23 percent on the day. Market context: Market report IDX Composite.