Determinants of Stock Prices in Mining Companies from 2019 to 2023
Eudia Beta Christy, Naomi Marchelin Ananda Christy, Adhi Widyakto, Oktavie Fresiliasari, Yohanes Suhardjo

Department of Management, Faculty of Economics at the University of Semarang

Abstract

The level of public awareness is increasing to make investments, especially in buying shares. However, not a few people are confused or unable to determine which stocks are good for investment and which are not. The wrong choice in buying stocks will certainly be very detrimental to investors, therefore investors need to be more observant before buying stocks to invest. So, investors will later benefit from investing.
This study aims to examine the role of dividend policy (Dividend Payout Ratio) in the meditation of liquidity (Current Ratio), profitability (Return on Equity) and laverage (Debt Equity Ratio) on stock prices in mining companies listed on the Indonesia Stock Exchange for the period 2019 to 2023. This research was carried out by purposive sampling with certain criteria. So it was found that there were as many as 36 mining companies as a research method. The analysis tool used is SmartPLS.
The results of the study prove that: First, liquidity (CR) has a significant positive effect on stock prices. Second, profitability (ROE) has a negative effect on stock prices insignificantly. Third, laverage (DER) has a significant positive effect on stock prices. Fourth, Liquidity (CR) has a significant positive effect on dividend policy (DPR). Fifth, profitability (ROE) has a significant positive effect on dividend policy (DPR). Sixth, laverage (DER) has a significant positive effect on dividend policy (DPR).

Keywords: Dividen Payout Ratio, Current Ratio, Return on Equity, Debt Equity Ratio, Stock Price.

Topic: Economics