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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, reporting a total of 8,316,890 ordinary fully paid securities bought back prior to the previous day, with an additional 250,574 securities bought back on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing shareholder confidence 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 the mining, quarrying, and construction industries. The company is a key player in providing innovative solutions to enhance productivity and safety in these sectors.
Average Trading Volume: 1,546,016
Technical Sentiment Signal: Buy
Current Market Cap: A$9.52B
See more data about ORI stock on TipRanks’ Stock Analysis page.