Merdeka Copper Gold stock at IDR 2,940, 25.8 percent below its high

Published on 10/09/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Merdeka Copper Gold stock costs IDR 2,940.00 on October 9, 2026 after IDR 2,890.00. Its market value is IDR 71.8 trillion.

Key points in brief

Merdeka Copper Gold stock closed at IDR 2,940.00 on October 9, 2026, up 1.73 percent from IDR 2,890.00.
The price stood 25.80 percent below the IDR 3,960.00 52-week high.
Market capitalization was IDR 71.8 trillion and the trailing P/E ratio was 71.22.
Maybank kept a September 29, 2026 target of IDR 3,800.00 per share.

Merdeka Copper Gold, ID1000134406, Illustration mit AI erstellt.

At the October 9, 2026 close, Merdeka Copper Gold stock stood at IDR 2,940.00 on the IDX, up 1.73 percent from IDR 2,890.00 and 25.8 percent below its IDR 3,960.00 52-week high. The session places the Indonesian metals group well above its IDR 2,050.00 52-week low, while the share price remains closer to the middle of its annual range than to the top.

Price range sets the backdrop

The five-day performance was plus 2.44 percent as of October 9, 2026. The 52-week spread from IDR 2,050.00 to IDR 3,960.00 gives the stock a 25.76 percent gap to the high and a 43.41 percent gain above the low.

Global Banking and Finance identifies Merdeka Copper Gold as MDKA.JK on the IDX under ISIN ID1000134406 and classifies it in Materials, as stated on its market reference page. That listing gives German investors a clear home-market comparison for the euro quotation used elsewhere in the market.

Valuation and analyst target

Merdeka Copper Gold had a market capitalization of IDR 71.8 trillion and a trailing P/E ratio of 71.22 on October 9, 2026. The trailing dividend yield was 0.00 percent, so the valuation picture is driven by earnings expectations rather than current income.

Maybank Sekuritas Indonesia retained its buy recommendation and IDR 3,800.00 target in research dated September 29, 2026, according to Kontan. The target lies 29.25 percent above the October 9 price, creating a materially wider comparison than the 25.76 percent distance to the 52-week high.

Comparison with peers

Merdeka Copper Gold (IDX, IDR): plus 1.73 percent, P/E 71.22, market capitalization IDR 71.8 trillion

PT ANTAM (Persero) (IDX, IDR): plus 0.95 percent, P/E 8.59, market capitalization IDR 76.4 trillion

PT Vale Indonesia (IDX, IDR): plus 0.23 percent, P/E 16.52, market capitalization IDR 45.0 trillion

Next dated market event

For the calendar, Bisnis.com reported on October 3, 2026 that the public bond offering is scheduled for October 14-15, 2026, with allocation on October 16 and electronic issuance on October 20. The proposed IDR 4.11 trillion bond carries coupons of 8.25 percent and 10.00 percent across its two series.