0740 GMT - Aneka Tambang's nickel business could become its largest Ebitda contributor, Nomura's Ahmad Maghfur Usman says in a research report. This business benefits from strong nickel-ore premiums, currently as high as around US$30 per ton, translating into an ore price of over US$50 per ton, the analyst says. Potential upside for recovery in the Indonesian miner's gold business could come from strategic partner Freeport Indonesia securing copper concentrate from Amman Mineral Internasional. However, Nomura cuts its 2025-2027 earnings forecasts for Aneka Tambang by 10%-17% to reflect lower gold sales assumptions. It lowers the stock's target price to IDR3,800.00 from IDR4,500.00, while maintaining a buy rating. Shares are 0.35% higher at IDR2,890.00. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 13, 2025 02:40 ET (07:40 GMT)
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