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The latest announcement 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 9,207,698 ordinary fully paid securities have been bought back prior to the previous day, with an additional 271,439 securities purchased on the previous day. This buy-back initiative is part of Orica’s strategy to manage its capital structure and potentially enhance shareholder value.
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, specializing in the production and supply of explosives and blasting systems primarily for the mining and infrastructure sectors.
YTD Price Performance: 28.26%
Average Trading Volume: 1,538,430
Technical Sentiment Signal: Buy
Current Market Cap: A$10.05B
Learn more about ORI stock on TipRanks’ Stock Analysis page.