Analysis of the influence of fundamental and external factors on stock prices in mining sector companies listed on the Indonesia stock exchange

Abstract

This study aimed to determine the effect of liquidity ratios (LR), solvency (DER), profitability (ROE), valuation ratios (PBV), inflation, and interest rates on stock prices of mining sector companies listed on the Indonesia Stock Exchange (IDX). The research sample is 41 mining sector companies with a research period from 2015-2019. The results show that the liquidity ratio (CR) and solvency (DER) have no significant effect on stock prices of mining sector companies in 2015-2019. The variable profitability (ROE), valuation ratio (PBV) was concluded to have a significant positive effect on stock prices of mining sector companies in 2015-2019. Meanwhile, inflation and interest rates have a significant adverse effect on stock prices of mining sector companies in 2015-2019.