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An announcement from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update on its ongoing share buy-back program, indicating a daily buy-back of 97,080 ordinary fully paid securities, bringing the total number of securities bought back to over 20 million. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future prospects.
The most recent analyst rating on (AU:ORI) stock is a Hold with a A$26.00 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 industrial sector, primarily focused on providing commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets. It is a key player in the global explosives market, offering innovative solutions and services to enhance productivity and safety for its clients.
YTD Price Performance: 46.58%
Average Trading Volume: 2,065,943
Technical Sentiment Signal: Buy
Current Market Cap: A$11.06B
Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.