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Orica Limited ( (AU:ORI) ) has shared an update.
Orica Limited has announced an update regarding its ongoing share buy-back program, with a total of 877,302 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 11,373,490 securities repurchased. This strategic move is part of Orica’s efforts to optimize its capital structure and potentially enhance shareholder value, reflecting confidence in the company’s financial health and future prospects.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$20.65 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, specializing in the production of explosives and blasting systems for mining, quarrying, and construction industries. The company is a significant player in the global market, focusing on providing innovative solutions to enhance safety and efficiency in these sectors.
YTD Price Performance: 28.45%
Average Trading Volume: 1,359,705
Technical Sentiment Signal: Buy
Current Market Cap: A$10B
Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.