tiprankstipranks
Trending News
More News >

Orica Limited Updates on Share Buy-Back Progress

Story Highlights
Orica Limited Updates on Share Buy-Back Progress

Don’t Miss TipRanks’ Half-Year Sale

An announcement from Orica Limited ( (AU:ORI) ) is now available.

Orica Limited has announced an update on its ongoing share buy-back program, revealing that a total of 8,109,529 securities have been repurchased prior to the latest transaction, with an additional 207,361 securities bought back on the previous day. This buy-back initiative is part of Orica’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares in the market.

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 explosives and blasting systems for mining, quarrying, and construction industries. The company is a significant player in its market, providing essential products and services that support resource extraction and infrastructure development.

Average Trading Volume: 1,537,227

Technical Sentiment Signal: Buy

Current Market Cap: A$9.48B

For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1