Alamtri Minerals Indonesia, ID1000165608

JPMorgan keeps IDR 2,230 target for Alamtri Minerals Indonesia stock

Published on 10/13/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 584.00 million, up 39.30 percent. Alamtri Minerals Indonesia stock at IDR 1,455.00 fell 1.69 percent versus October 12 IDX close.

Key points in brief

JPMorgan maintained a Buy rating and an IDR 2,230 target on September 23, 2026.
First-half 2026 revenue reached USD 584.00 million, up 39.30 percent year over year.
Alamtri Minerals Indonesia stock was last at IDR 1,455.00 on October 13, 2026 at 4:13 p.m. WIB, down 1.69 percent versus the IDX close of October 12, 2026.
The stock trades at a price to earnings ratio of 11.10, with the next earnings date listed as November 2, 2026.

Alamtri Minerals Indonesia, ID1000165608, Illustration mit AI erstellt.

JPMorgan maintained a Buy rating and an IDR 2,230 target for Alamtri Minerals Indonesia on September 23, 2026, according to Investing.com. That target stands 53.26 percent above the stock's IDR 1,455.00 price on October 13, 2026, based on the same currency. The stock was down 1.69 percent versus the IDX close of October 12, 2026, with the latest quote at 4:13 p.m. WIB.

First-half revenue gains

Alamtri Minerals Indonesia reported USD 584.00 million in revenue for the first half of 2026, up 39.30 percent from the year-earlier period, according to Kontan on September 23, 2026. The same report put first-half net income at USD 174.20 million, up 24.00 percent from USD 140.50 million, while gross profit increased 54.20 percent to USD 227.80 million.

The figures show why the analyst target is tied to operating execution rather than the share price alone. Kontan also reported that metallurgical coal sales volume rose 9.00 percent year over year, while the aluminum smelter remained in its production ramp-up phase during the first half.

Price sits below yearly high

At IDR 1,455.00, the stock stood 37.28 percent below its IDR 2,320.00 52-week high and 23.31 percent above its IDR 1,180.00 low on October 13, 2026. The quoted day range was IDR 1,440.00 to IDR 1,470.00, and volume reached 18,715,600 shares against an average volume of 30,648,972 shares.

The company describes its business as metallurgical coal mining and mineral processing, with an aluminum smelter under development in North Kalimantan, according to its investor-relations page. The combination leaves coal logistics and the timing of aluminum revenue as the main operating variables in the published outlook.

Valuation and next report

Alamtri Minerals Indonesia had a market capitalization of IDR 59.5 trillion and a price to earnings ratio of 11.10 on October 13, 2026. The next earnings date listed by Investing.com is November 2, 2026, while the analyst page showed an average 12-month target of IDR 2,366.00 from eight analysts.

Comparison with peers

Alamtri Minerals Indonesia (IDX, IDR): minus 1.69 percent, P/E 11.10, market capitalization IDR 59.5 trillion as of October 13, 2026.

Alamtri Resources Indonesia (IDX, IDR): plus 1.20 percent, P/E 6.98, market capitalization IDR 72.6 trillion as of October 13, 2026.

Bumi Resources (IDX, IDR): plus 1.21 percent, P/E 0.03, market capitalization IDR 62.0 trillion as of October 13, 2026.

Trading level on October 13

Alamtri Minerals Indonesia was last at IDR 1,455.00 on the IDX on October 13, 2026 at 4:13 p.m. WIB, down 1.69 percent versus the IDX close of October 12, 2026 at IDR 1,480.00. The stock's 52-week range was IDR 1,180.00 to IDR 2,320.00.