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Orica Limited Updates on Market Buy-Back Program

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Orica Limited Updates on Market Buy-Back Program

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Orica Limited ( (AU:ORI) ) has shared an update.

Orica Limited has announced an update on its ongoing on-market buy-back program, revealing that it bought back 359,390 ordinary fully paid securities on the previous day, adding to a total of 6,823,721 securities repurchased before that date. This buy-back initiative reflects Orica’s strategic approach to manage its capital structure, potentially enhancing shareholder value and indicating confidence in the company’s financial health.

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 to enhance productivity and safety in these sectors.

Average Trading Volume: 1,574,716

Technical Sentiment Signal: Buy

Current Market Cap: A$9.28B

Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.

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