摘要：The stock prices of mining companies are affected by several factors, such as world oil price, inflation,
exchange rate, and Price to Earnings Ratio (PER), political affairs, basic metal prices, etc.
The objective of this study is to analyze the effects of some factors influencing the stock prices of
the mining companies including Price to Earnings Ratio (PER), world oil price, inflation, and exchange
rate. Secondary data from Annual Reports of Indonesia Stock Exchange (IDX), Energy
Information Administration (EIA), and Bank Indonesia are used as the sources of data analysis. 35
mining companies are selected as samples from four mining sub-sectors; namely coal, oil & gas,
other metal & mineral, and rock. The results are analyzed by using panel data regression analysis
model through applying EVIEWS 10. The results indicate that Price to Earnings Ratio (PER) and
world oil price had positive and significant effects on stock price. Moreover, inflation has negative
and significant effect on the stock price while exchange rate has no significant effect on stock price.
关键词：Stock Price;
Price to Earnings Ratio (PER);
World Oil Price;
Inflation;
Exchange Rate;
Mining Sector Companies
