NEW YORK (TheStreet) -- Shares of Hecla Mining (HL) - Get Report were advancing in early-afternoon trading on Thursday as gold and silver prices gained after the Federal Reserve decided yesterday against hiking interest rates.
Gold for December delivery was recently up 1.08% to $1,345.80 per ounce on the COMEX, while silver for December delivery was gaining 1.60% to $20.09 per ounce.
The precious metals don't pay interest and struggle to compete with yield-bearing assets when interest rates are higher.
Hecla Mining is a Coeur d'Alene, ID-based gold and silver miner.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Hecla Mining's strengths such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins are countered by the fact that the company's return on equity has been disappointing.
You can view the full analysis from the report here: HL
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.