Amman Mineral Internasional's Higher Output Guidance to Benefit Earnings
Dow Jones
Yesterday
0652 GMT - Amman Mineral Internasional's earnings stand to benefit from its higher gold concentrate output guidance, Nomura's Ahmad Maghfur Usman says in a research report. The Indonesian copper and gold producer raised its 2026 gold-in-concentrate production estimate to 775,000 ounces on better grades, the analyst notes. Accordingly, Nomura lifts its 2026 and 2027 earnings forecasts for the company by 8% and 13%, respectively, mainly driven by volume and mix changes. It raises the stock's target price to 6,400.00 rupiah from 5,400.00 rupiah and maintains a buy rating. Shares are 1.6% higher at 4,550.00 rupiah.
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