Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update on its ongoing on-market buy-back program, revealing that a total of 331,048 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 5,414,917 securities repurchased. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares, which can positively impact earnings per share and return on equity.
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 sectors. The company is a significant player in its market, providing essential services and products to enhance operational efficiency and safety in these industries.
Average Trading Volume: 1,576,558
Technical Sentiment Signal: Buy
Current Market Cap: A$9.27B
For an in-depth examination of ORI stock, go to TipRanks’ Overview page.