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The latest update is out from Orica Limited ( (AU:ORI) ).
Orica Limited has announced an update regarding its ongoing on-market buy-back program, detailing the acquisition of 476,086 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 12,697,233. This buy-back initiative reflects Orica’s strategic efforts to optimize its capital structure and potentially enhance shareholder value, indicating a proactive approach to managing its financial resources and market positioning.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$24.76 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 industries. The company is a key player in providing innovative solutions and services to enhance productivity and safety in these sectors.
Average Trading Volume: 1,370,963
Technical Sentiment Signal: Buy
Current Market Cap: A$10B
For an in-depth examination of ORI stock, go to TipRanks’ Overview page.