Merdeka Gold Resources

ISE • Basic Materials • Gold • Quote as of 10/28/2026 16:14

Company Profile

IndustryGold

SectorBasic Materials

ExchangeISE

Market Capitalization98,331,864 mln

Float774 mln

Beneish M-Score

19.37

Highly suspicious

1-Year Forecast

9,413.08

Exceptional upside

Relative Strength

16 / 100

Significantly lagging

Debt / Equity

1.26

Elevated leverage

Pre-Tax Margin

-81%

Severely loss-making

ROE

-7.45

Negative

Business Description

PT Merdeka Gold Resources Tbk is an Indonesian gold and silver mining company with operations across Indonesia and Hong Kong. Its main asset is the Pani Gold Mine, a fully owned project spanning 135 hectares in the Gorontalo Province of Sulawesi Island. Founded in 2015 and headquartered in South Jakarta, the company is a subsidiary of PT Merdeka Copper Gold Tbk and was previously called PT Pani Bersama Jaya until June 2025.

Key Fundamentals

EPS-33.44

ROE-7.45

ROIC-0.43

ROA-3.41

EBITDA, mln62,832

EV / EBITDA1,882

EV / EBIT-582

Revenue, mln539,568

EV / Revenue219

Quote Details

Last 6,150.00

Change -50 (-0.81%)

Open 6,225.00

Volume 8,230,400

Turnover 50,616,958,976

Average Volume 13,269,515

Financial Ratios

Pre-Tax Profit Margin-81

Current Ratio0.41

Price / Book17.60

Price / Tangible Book17.60

Debt / Equity1.26

Price / Sales211

Financial Strength

Altman Z-Score5.85

Beneish M-Score19.37

1-Year Target Price9,413.08

Price Performance & Relative Strength

Period	Price Performance	Relative Strength
1 Week	-5.02%	24 / 100
1 Month	-18.54%	27 / 100
2 Months	5.58%	77 / 100
6 Months	-34.57%	31 / 100
1 Year	42.69%	86 / 100