Analisis Profitability Ratio Terhadap Stock Price Pada Perusahaan Sub Sektor Pertambangan Periode 2020-2024

The purpose of this study is to examine how profitability ratios such as Gross Profit Margin (GPM), Net Profit Margin (NPM), Operating Profit (OP), Return on Equity (ROE), Return on Investment (ROI), Return on Assets (ROA), Earning Power (EP), and Earning per Share (EPS) have developed during the period between 2020 and 2024 in the mining sub-sector. This study analyzes five issuers on the Indonesia Stock Exchange: BRMS, ESSA, ANTM, INCO, and MDKA. The secondary data used are annual financial reports and closing stock prices as of December 31, which are analyzed using quantitative descriptive methods. The results show that most profitability ratios experienced a significant increase during the 2021–2022 period as a result of post-pandemic economic recovery and rising commodity prices worldwide. However, in the 2023–2024 period, profitability performance tended to decline as a result of increased operational cost pressures and falling commodity prices. Although not always applicable to every issuer, the movement of mining companies' stock prices shows a fluctuating pattern that is usually correlated with changes in profitability. These results provide an overview of the financial conditions and stock market dynamics in the mining industry, which investors can consider when making investment decisions.