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Orica Limited ( (AU:ORI) ) has issued an update.
Orica Limited has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 216,678 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 7,714,664 securities repurchased to date. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and deliver value to its shareholders, potentially impacting its stock market performance and stakeholder confidence.
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 is a company operating in the chemicals industry, primarily focusing on the production of explosives and blasting systems for the mining, quarrying, and construction sectors. The company is known for its market-leading solutions and services that enhance productivity and safety in these industries.
Average Trading Volume: 1,593,871
Technical Sentiment Signal: Buy
Current Market Cap: A$9.35B
For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.