UBS AG lowered shares of Petrominerales (TSE: PMG) from a buy rating to a neutral rating in a report released on Thursday.

Petrominerales traded up 2.34% on Thursday, hitting $6.55. Petrominerales has a 52-week low of $6.38 and a 52-week high of $18.73. The stock’s 50-day moving average is currently $8.85. The company has a market cap of $553.4 million and a price-to-earnings ratio of 1.98.

A number of other analysts have also recently weighed in on PMG. Analysts at BMO Capital Markets downgraded shares of Petrominerales from an outperform rating to a market perform rating in a research note to investors on Thursday. They now have a $8.50 price target on the stock, down previously from $11.00. Separately, analysts at CIBC cut their price target on shares of Petrominerales from $11.50 to $9.75 in a research note to investors on Thursday. They now have a sector perform rating on the stock. Finally, analysts at Scotiabank cut their price target on shares of Petrominerales from $14.00 to $13.00 in a research note to investors on Thursday. They now have a sector perform rating on the stock.

Petrominerales Ltd. (Petrominerales) is an oil and gas company involved in the exploration, development and production of crude oil in Colombia and Peru.

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