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Orica Limited ( (AU:ORI) ) has provided an announcement.
Orica Limited has announced an update on its ongoing share buy-back program, revealing that a total of 8,887,321 ordinary fully paid securities have been bought back prior to the previous day, with an additional 167,317 securities acquired on the previous day. This strategic move is part of Orica’s efforts to optimize its capital structure, potentially enhancing shareholder value and signaling confidence in its financial health and future prospects.
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 industries. The company is a key player in its market, providing essential services and products that support resource extraction and infrastructure development.
Average Trading Volume: 1,534,186
Technical Sentiment Signal: Buy
Current Market Cap: A$9.81B
Learn more about ORI stock on TipRanks’ Stock Analysis page.