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Orica Limited ( (AU:ORI) ) has provided an announcement.
Orica Limited has notified the market that 266,973 ordinary fully paid shares have been cancelled following completion of an on-market share buy-back. The reduction in issued capital is part of the company’s active capital management, which may enhance earnings per share and signal confidence in its financial position to investors.
The most recent analyst rating on (AU:ORI) stock is a Hold with a A$26.00 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 is an Australia-based company listed on the ASX, operating in the industrial and mining services sector with a focus on providing explosives, blasting systems and related services to the global mining and infrastructure industries.
YTD Price Performance: 52.59%
Average Trading Volume: 2,016,399
Technical Sentiment Signal: Buy
Current Market Cap: A$11.5B
For detailed information about ORI stock, go to TipRanks’ Stock Analysis page.