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The latest announcement is out from Orica Limited ( (AU:ORI) ).
Orica Limited has announced an update on its ongoing share buy-back program, reporting the purchase of 157,547 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 8,729,774. 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 maintaining a robust financial position and confidence in its future prospects.
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 key player in providing essential services and products that support the mining sector, with a significant market presence.
YTD Price Performance: 24.84%
Average Trading Volume: 1,535,576
Technical Sentiment Signal: Buy
Current Market Cap: A$9.81B
See more data about ORI stock on TipRanks’ Stock Analysis page.