Petrominerales (TSE:PMG) declared a quarterly dividend on Friday, March 15th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.13 per share on Monday, April 15th. This represents a $0.50 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Tuesday, March 26th.

Several analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Petrominerales from $12.00 to $9.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. On the ratings front, analysts at TD Securities downgraded shares of Petrominerales from a “buy” rating to a “hold” rating in a research note to investors on Friday, March 8th. Finally, analysts at TD Securities cut their price target on shares of Petrominerales from $11.50 to $8.00 in a research note to investors on Friday, March 8th.

Shares of Petrominerales (TSE: PMG) traded down 1.28% during mid-day trading on Friday, hitting $6.19. Petrominerales has a 52 week low of $6.17 and a 52 week high of $18.73. The stock’s 50-day moving average is currently $8.53. The company has a market cap of $523.1 million and a P/E ratio of 4.15.

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

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