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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 11,059,715 securities have been bought back to date, with an additional 83,108 securities purchased on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to efficient capital management.
The most recent analyst rating on (AU:ORI) stock is a Hold 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 markets. The company is known for its innovative solutions and services that enhance productivity and safety in these sectors.
Average Trading Volume: 1,312,821
Technical Sentiment Signal: Buy
Current Market Cap: A$10.43B
For detailed information about ORI stock, go to TipRanks’ Stock Analysis page.