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Orica Limited ( (AU:ORI) ) has issued an update.
AustralianSuper Pty Ltd has reduced its substantial holding in Orica Limited, with its voting power decreasing from 14.15% to 12.97%. This change in shareholding could impact Orica’s shareholder dynamics and influence within the company, potentially affecting its strategic decisions and market positioning.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$22.00 price target. To see the full list of analyst forecasts on Orica Limited stock, see the AU:ORI Stock Forecast page.
More about Orica Limited
Orica Limited operates in the chemicals industry, primarily focusing on the production and supply of explosives and blasting systems for mining, quarrying, and construction markets. The company is known for its innovative solutions and services that enhance productivity and safety in these sectors.
Average Trading Volume: 1,594,126
Technical Sentiment Signal: Buy
Current Market Cap: A$9.15B
For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.