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.
Orica Limited ( (AU:ORI) ) has issued an update.
Orica Limited has announced an update on its ongoing share buy-back program, with a total of 15,935,321 ordinary fully paid securities bought back before the previous day and an additional 309,659 securities purchased 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 stakeholder confidence.
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, specializing in the production and supply of explosives and blasting systems primarily for the mining, quarrying, and construction sectors. The company focuses on providing innovative solutions to enhance productivity and safety in these industries.
Average Trading Volume: 1,476,295
Technical Sentiment Signal: Buy
Current Market Cap: A$10.07B
See more data about ORI stock on TipRanks’ Stock Analysis page.