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Orica Limited ( (AU:ORI) ) has issued an announcement.
Orica Limited has announced an update on its ongoing share buy-back program, with a total of 4,184,260 ordinary fully paid securities bought back before the previous day and an additional 170,381 securities acquired on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting the company’s commitment to efficient capital management.
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, focusing primarily on the production and supply of explosives and blasting systems for mining, quarrying, and construction markets.
Average Trading Volume: 1,910,745
Technical Sentiment Signal: Buy
Current Market Cap: A$9.14B
For an in-depth examination of ORI stock, go to TipRanks’ Stock Analysis page.