Bisnis.com, JAKARTA — The stock price of gold miner PT Bumi Resources Minerals (BRMS) slipped by 9.95 percent over the week ending on February 28—the same week with the launch of Indonesia's bullion bank—and by 10.45 percent year-to-date (YTD). Spurred by lower prices, several investment giants are moving to increase their stakes in BRMS.
According to data from Bloomberg as of Saturday (1/3/2025), BlackRock Inc. purchased 8.61 million BRMS shares on February 27, increasing the firm's holdings to 980.24 million shares. Likewise, The Vanguard Group Inc. bought 8.97 million BRMS shares on February 26 for a total holding of 3.93 billion shares.
