NEW YORK (TheStreet) -- Shares of Hecla Mining (HL) - Get Report were lower mid-Thursday afternoon as gold and silver prices retreated on a stronger dollar.

Gold for December delivery was falling 0.17% to $1,349.60 per ounce while September silver slid 0.65% to $20.04 per ounce on the COMEX.

The U.S. dollar fell today against currency rivals, Reuters reports.

Precious metals like gold and silver are more expensive and less attractive to foreign investors when the dollar is weaker.

"Anything that is good for the economy in the U.S. will lead to higher interest rates at some time in the future," analysts at LBBW told Reuters, as today's stock market rally led to greater confidence in the U.S. economy

Gold tends to fare poorly in high interest environments as investors seek assets that bear a yield, and today's rally led analysts to question whether or not the Federal Reserve would soon hike interest rates.

However, additional industry data released earlier today showed that underlying demand for gold remained in the face of a scant yield from other safety or haven investments, CNBC reports.

Hecla Mining, based in Coeur D Alene, ID, is engaged in the discovery, development and production of gold and silver as well as lead and zinc.

Separately, 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 articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and feeble growth in the company's earnings per share.

You can view the full analysis from the report here: HL

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