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Orica Limited ( (AU:ORI) ) has shared an update.
Orica Limited has announced an update regarding its ongoing on-market buy-back program, with a total of 4,955,499 securities bought back before the previous day and an additional 172,897 securities acquired on the previous day. This buy-back initiative reflects Orica’s strategic approach to managing its capital structure, potentially enhancing shareholder value and signaling confidence in the company’s financial health and future prospects.
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 operates in the chemicals industry, focusing on the production and supply of explosives and blasting systems primarily for the mining, quarrying, and construction sectors. The company is a key player in providing essential services and products that support the extraction and infrastructure development industries.
YTD Price Performance: 15.36%
Average Trading Volume: 1,737,082
Technical Sentiment Signal: Buy
Current Market Cap: A$9.2B
Learn more about ORI stock on TipRanks’ Stock Analysis page.
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