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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, reporting the purchase of 155,850 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 19,796,568. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and enhance shareholder value, reflecting confidence in its financial position and future growth prospects.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$25.35 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, focusing primarily on the production and supply of explosives and blasting systems for the mining, quarrying, oil and gas, and construction markets.
YTD Price Performance: 47.75%
Average Trading Volume: 2,116,411
Technical Sentiment Signal: Buy
Current Market Cap: A$11.15B
For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.