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The latest update is out from Orica Limited ( (AU:ORI) ).
Orica Limited announced a daily update on its ongoing on-market buy-back program, revealing that a total of 176,319 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 4,007,941 securities repurchased. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and return value to its shareholders, potentially impacting its stock liquidity and market perception positively.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$22.50 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 a company operating 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.
YTD Price Performance: 14.87%
Average Trading Volume: 1,947,065
Technical Sentiment Signal: Buy
Current Market Cap: A$9.16B
Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.