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Orica Limited ( (AU:ORI) ) has shared an announcement.
Orica Limited has announced an update on its ongoing on-market buy-back program, reporting a total of 18,845,967 securities bought back before the previous day, with an additional 563,692 securities acquired on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s strong financial position and commitment to returning capital to shareholders.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$23.00 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 operates in the mining services industry, primarily providing commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets. The company focuses on delivering innovative solutions and technologies to enhance safety and productivity in these sectors.
Average Trading Volume: 1,533,852
Technical Sentiment Signal: Buy
Current Market Cap: A$9.99B
Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.