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The latest update is out from Orica Limited ( (AU:ORI) ).
Orica Limited has announced an update regarding its ongoing share buy-back program, highlighting the purchase of 130,763 ordinary fully paid securities on the previous day, contributing to a total of 10,539,488 securities bought back to date. This buy-back initiative is part of Orica’s strategy to optimize its capital structure, potentially enhancing shareholder value and demonstrating confidence in the company’s financial health and 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 commercial explosives and blasting systems to the mining, quarrying, oil and gas, and construction markets. The company is a key player in providing solutions that enhance productivity and safety in these sectors.
Average Trading Volume: 1,450,791
Technical Sentiment Signal: Buy
Current Market Cap: A$10.22B
For a thorough assessment of ORI stock, go to TipRanks’ Stock Analysis page.