Orica Limited Updates on Market Buy-Back Program

Orica Limited ( (AU:ORI) ) has issued an announcement.

Orica Limited has announced an update on its ongoing on-market buy-back program, indicating that a total of 5,128,396 ordinary fully paid securities have been bought back prior to the previous day, with an additional 155,221 securities acquired on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and deliver value to its shareholders, potentially enhancing the company’s stock performance and market positioning.

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, primarily focusing on the production and supply of explosives and blasting systems for mining, quarrying, and construction markets. The company is a key player in providing innovative solutions and services that enhance productivity and safety in these sectors.

YTD Price Performance: 16.95%

Average Trading Volume: 1,658,023

Technical Sentiment Signal: Buy

Current Market Cap: A$9.23B

See more insights into ORI stock on TipRanks’ Stock Analysis page.