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An announcement from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update regarding its ongoing share buy-back program, with a total of 20,232,113 securities bought back before the previous day and an additional 122,268 securities 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 financial stability.
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, primarily focusing on the production and supply of explosives and blasting systems for the mining, quarrying, and construction industries. The company is a key player in the market, providing essential services and products that support resource extraction and infrastructure development.
Average Trading Volume: 2,035,272
Technical Sentiment Signal: Buy
Current Market Cap: A$11.14B
For detailed information about ORI stock, go to TipRanks’ Stock Analysis page.