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The latest update is out from Orica Limited ( (AU:ORI) ).
Orica Limited has announced an update on its ongoing share buy-back program, revealing that a total of 13,666,430 ordinary fully paid securities have been repurchased, with 493,111 bought back on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and return value to shareholders, potentially enhancing its market position and investor confidence.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$24.04 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 significant player in the market, providing essential services and products that support resource extraction and infrastructure development.
Average Trading Volume: 1,391,054
Technical Sentiment Signal: Buy
Current Market Cap: A$10.01B
Learn more about ORI stock on TipRanks’ Stock Analysis page.