Coeur Mining downgraded to Hold from Buy at Deutsche Bank Deutsche Bank downgraded Coeur Mining to Hold citing the likely postponement of the company's La Preciosa project. The firm lowered its price target for shares to $11 from $13.
Coeur Mining downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Coeur Mining to Underweight citing the company's exposure to weak silver prices. The firm believes Coeur may have to further write-down its reserves should silver prices stay near the current $16.50/oz level. JPMorgan removed its $5 price target for shares.