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The latest update is out from Dyno Nobel ( (AU:DNL) ).
Dyno Nobel Limited has announced an update regarding its ongoing on-market buy-back program, revealing the acquisition of 354,678 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 16,940,453. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.
The most recent analyst rating on (AU:DNL) stock is a Hold with a A$3.35 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 operates in the explosives industry, primarily focusing on the production and supply of industrial explosives and blasting services. The company serves sectors such as mining, quarrying, and construction, providing essential products for these industries.
Average Trading Volume: 4,991,502
Technical Sentiment Signal: Buy
Current Market Cap: A$5.84B
For an in-depth examination of DNL stock, go to TipRanks’ Overview page.