Orica Limited Updates on Share Buy-Back Progress

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 2,511,123 ordinary fully paid securities have been bought back before the previous day, with an additional 309,770 securities purchased on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and deliver value to shareholders, potentially enhancing its market position and financial performance.

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, specializing in the production and supply of explosives and blasting systems for mining, quarrying, and construction industries. The company is a key player in providing innovative solutions and services to enhance productivity and safety in the resources sector.

YTD Price Performance: 13.47%

Average Trading Volume: 2,842,880

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$9.05B

Find detailed analytics on ORI stock on TipRanks’ Stock Analysis page.