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The latest update is out from Orica Limited ( (AU:ORI) ).
Orica Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 12,250,792 ordinary fully paid securities have been bought back prior to the previous day, with an additional 446,441 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, reflecting 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$24.76 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 industries. The company is a key player in providing innovative solutions and technologies to enhance safety and productivity in the resources sector.
YTD Price Performance: 28.45%
Average Trading Volume: 1,359,705
Technical Sentiment Signal: Buy
Current Market Cap: A$10B
See more data about ORI stock on TipRanks’ Stock Analysis page.