Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update on its ongoing on-market buy-back program, with a total of 98,084 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 10,761,145 securities repurchased. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in the company’s financial position 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 markets. The company is known for its innovative solutions and services that enhance productivity and safety in these sectors.
Average Trading Volume: 1,372,841
Technical Sentiment Signal: Buy
Current Market Cap: A$10.27B
See more data about ORI stock on TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money