Americas Gold and Silver downgraded to Sell from Hold at Stifel

Stifel downgraded Americas Gold and Silver to Sell from Hold with a price target of C$0.25, down from C$0.60. Americas Gold & Silver reported Q3 financials after pre-reporting weak attributable silver production, notes the firm, which continues to see “enormous going concern risk” for the company. Even with regular quarterly injection of a few million dollars, Stifel does not see a path forward for Americas with its current capital structure, the analyst tells investors.