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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.