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An announcement from Orica Limited ( (AU:ORI) ) is now available.
Orica Limited has announced an update on its ongoing on-market buy-back program, highlighting the acquisition of 360,643 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 17,817,423. This buy-back initiative reflects Orica’s strategic efforts to optimize its capital structure and enhance shareholder value, potentially impacting its market positioning by reducing the number of shares outstanding and increasing earnings per share.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$23.00 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 innovative solutions to enhance productivity and safety in these sectors.
Average Trading Volume: 1,500,233
Technical Sentiment Signal: Buy
Current Market Cap: A$10.13B
For an in-depth examination of ORI stock, go to TipRanks’ Overview page.