Bell Potter starts Orica with 'buy'; sees near-term growth across segments

ORICA

19/09/2025 04:39

** Bell Potter initiates Australia's Orica ORI.AX with "buy", sets PT at A$23; expects EBIT growth across segments in near-term

** Mining solutions provider rises 0.2% to A$21.235, gaining 1% so far this week

** Analysts see strong uptake of high-margin premium blasting products, favourable price realisation in emulsion sales and ANFO - explosives product used in mining

** Expect higher sales of ammonium nitrate due to ramp ups in mining, quarrying

** See co tapping into cross selling opportunities across digital solutions business

** Expect recovery in exploration activity from co's clients

** YTD, ORI gains 28.1%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))