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Orica Limited ( (AU:ORI) ) just unveiled an update.
Orica Limited has announced an update regarding its ongoing share buy-back program, revealing that a total of 14,078,144 securities have been repurchased before the previous day, with an additional 363,894 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, reflecting the company’s commitment to returning capital to its investors.
The most recent analyst rating on (AU:ORI) stock is a Hold 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 is a company operating in the industrial sector, primarily focused on providing explosives and blasting systems to the mining, quarrying, and construction industries. The company is known for its innovative solutions and services that enhance productivity and safety in these sectors.
YTD Price Performance: 28.45%
Average Trading Volume: 1,375,432
Technical Sentiment Signal: Buy
Current Market Cap: A$10B
See more insights into ORI stock on TipRanks’ Stock Analysis page.