Earnings Alerts

Amman Mineral Internasional (AMMN) Earnings Soar: 9M Net Income Surges to $717.1M from $62.7M Y/Y

By November 28, 2024 No Comments
  • Amman Mineral’s net income for the first nine months of 2024 is $717.1 million, significantly higher than the previous year’s $62.7 million.
  • The company’s net sales reached $2.49 billion, more than doubling from last year’s $1.15 billion.
  • Earnings per share (EPS) improved substantially to 0.9890 cents, compared to 0.0930 cents the previous year.
  • Current analyst recommendations include 0 buys, 3 holds, and 0 sells.

Amman Mineral Internasional on Smartkarma

Analyst coverage on Smartkarma by Brian Freitas reveals insights on the IDX30/LQ45/IDX80 Index Rebalance. Freitas notes 1 change for the LQ45 index and 2 changes for the IDX80 index, alongside float and capping adjustments. Notably, constituent changes are expected for both indexes by the rebalance on July 31. The analysis anticipates significant passive inflows into companies like Amman Mineral Internasional, Bank Rakyat Indonesia, Bank Central Asia, Bank Mandiri Persero, and Jasa Marga (Persero). Freitas observed that the added companies have shown upward momentum, nearing their highs, while the deleted ones have experienced declines, trading close to their lows.


A look at Amman Mineral Internasional Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience3
Momentum2
OVERALL SMART SCORE2.6

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 prominent copper and gold mining company, is poised for long-term growth according to the Smartkarma Smart Scores analysis. With an impressive 5 out of 5 score for Growth, the company’s prospects for expanding its operations and capitalizing on emerging opportunities seem robust. Additionally, scoring a respectable 3 out of 5 for Resilience indicates a strong ability to navigate challenges and maintain stability in the face of market fluctuations. While the Value score of 2 may suggest room for improvement in terms of the company’s valuation, the overall positive outlook driven by the high Growth score bodes well for the future trajectory of Amman Mineral Internasional.

Despite its lower scores in areas such as Dividend and Momentum, the strong emphasis on Growth underscores Amman Mineral Internasional‘s commitment to capitalizing on its core strengths in copper and gold mining. With a global customer base, the company’s strategic focus on exploration, mine development, and efficient processing of ore positions it favorably for long-term success in the mining industry. Investors looking for a company with significant growth potential may find Amman Mineral Internasional an attractive prospect based on the Smartkarma Smart Scores evaluation.


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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