Earnings Alerts

Amman Mineral Internasional (AMMN) Earnings Soar: 1H Net Sales Skyrocket to $1.55 Billion, Copper and Gold Production Surge

  • Amman Mineral net sales for the first half of 2024 reached $1.55 billion, up from $580.5 million in the same period last year.
  • Copper production increased to 236 million pounds, marking a 76% year-over-year rise.
  • Copper sales volume grew significantly to 173 million pounds compared to 76 million pounds year-over-year.
  • Gold production saw a substantial increase, rising to 495,000 ounces from 172,000 ounces year-over-year.
  • Gold sales volume escalated to 344,000 ounces, up from 119,000 ounces year-over-year.
  • Analyst ratings include 1 buy recommendation and 3 holds, with no sell recommendations.

Amman Mineral Internasional on Smartkarma

Analyst coverage on Amman Mineral Internasional on Smartkarma reveals insights from top independent analysts. Brian Freitas highlights repositioning within the IDX30, LQ45, and IDX80 indexes, with expected passive inflows into Amman Mineral Internasional alongside other key stocks as part of rebalance changes. The adds are showcasing strength near their highs, while the deletes are trading closer to their lows, reflecting market dynamics.

On the other hand, Ethan Aw, with a bearish outlook, focuses on the upcoming lockup expiry for Amman Mineral Internasional, which raised US$714 million in its Indonesia IPO. As the eight-month lockup nears expiration in Feb 2024, the company’s performance and market dynamics will be closely watched, considering the substantial profits at stake. This diverse range of analyst sentiments and research provides valuable perspectives for investors tracking Amman Mineral Internasional‘s trajectory.


A look at Amman Mineral Internasional Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

PT Amman Mineral Internasional, a copper and gold mining company focusing on exploration, mine development, and processing of copper and gold ore, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a high Growth score of 4 and Momentum score of 5, the company seems to be in a strong position for future expansion and performance. Additionally, its Resilience score of 3 indicates a level of stability in the face of market fluctuations. However, the Value and Dividend scores are lower, suggesting potential challenges in terms of valuation and dividend payouts.

Overall, Amman Mineral Internasional‘s positive Growth and Momentum scores bode well for its future prospects, indicating potential for growth and strong market performance. With a diversified customer base worldwide, the company may leverage its strengths to capitalize on opportunities within the mining industry. Investors may want to keep an eye on how the company navigates its valuation and dividend concerns to make well-informed investment decisions.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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