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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 385,586 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 1,640,335 securities repurchased. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and deliver value to its shareholders, potentially impacting its market positioning by reducing the number of shares outstanding and enhancing shareholder returns.
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 markets. The company is a key player in providing innovative solutions and technologies to enhance safety and efficiency in these sectors.
Average Trading Volume: 2,931,561
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$8.82B
Learn more about ORI stock on TipRanks’ Stock Analysis page.