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Dyno Nobel ( (AU:DNL) ) has provided an update.
Dyno Nobel Limited has provided an updated notification of its ongoing on-market share buy-back program, confirming that a total of 24,703,805 ordinary fully paid shares had been repurchased prior to the latest reporting date, with an additional 239,952 shares bought back on the preceding trading day. The continued execution of the buy-back signals an active capital management strategy that may support earnings per share through a reduced share count and could be interpreted as management’s confidence in the company’s valuation, with implications for existing shareholders and the liquidity of DNL stock on the ASX.
The most recent analyst rating on (AU:DNL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Dyno Nobel stock, see the AU:DNL Stock Forecast page.
More about Dyno Nobel
Dyno Nobel Limited is an Australian-listed company trading under the ASX code DNL, with ordinary fully paid shares on issue. The firm operates within the broader industrial and resources supply sector, and its shares are subject to active trading on the Australian Securities Exchange, where it is undertaking capital management activities via an on-market share buy-back program.
Average Trading Volume: 4,211,049
Technical Sentiment Signal: Buy
Current Market Cap: A$6.02B
For a thorough assessment of DNL stock, go to TipRanks’ Stock Analysis page.