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An update from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update on its ongoing share buy-back program, reporting the acquisition of 64,934 ordinary fully paid securities on the previous day, bringing the total number of shares bought back to 20,167,179. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and deliver value to shareholders, reflecting the company’s confidence in its financial health and future prospects.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$25.35 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 the global market, providing essential services and products to enhance operational efficiency and safety in these sectors.
YTD Price Performance: 48.19%
Average Trading Volume: 2,035,581
Technical Sentiment Signal: Buy
Current Market Cap: A$11.18B
Learn more about ORI stock on TipRanks’ Stock Analysis page.