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Orica Limited ( (AU:ORI) ) has provided an update.
Orica Limited has announced an update regarding its ongoing share buy-back program, with a total of 6,652,278 securities bought back before the previous day and an additional 171,443 securities bought back on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and enhance shareholder value, reflecting the company’s commitment to returning capital to its investors.
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, primarily focusing on the production and supply of commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets.
Average Trading Volume: 1,594,126
Technical Sentiment Signal: Buy
Current Market Cap: A$9.15B
Learn more about ORI stock on TipRanks’ Stock Analysis page.