Australia's Orica extends gain; brokerages see benefits from pricing, demand growth

ORICA

09/05/2025 04:14

** Shares of Orica ORI.AX rise as much as 2.6%, extending gains to A$18.48, their highest level since December 10, 2024

** Mining and infrastructure solutions provider posts strong H1 earnings, declares higher interim dividend and restarts buy-back

** UBS sees sustained EPS growth driven by global mine demand and ammonium nitrate (AN) prices

** Morgan Stanley says co well positioned to capitalise on attractive industry structures, strong demand in mining end-markets

** We view ORI to benefit from pricing growth in domestic AN markets and further penetration of value-added products - MS

** Stock set for 9.8% weekly gain, fourth consecutive weekly rise

** Average rating of 13 analysts "buy"; their median PT is A$21.7 – data compiled by LSEG

** Stock up 10.5% YTD

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))