NEW YORK (TheStreet) --Shares of Hecla Mining (HL) are up by 0.61% to $3.28 in mid-morning trading on Thursday, as some mining and related stocks rally along with the price of gold, which is continuing Wednesday's climb due to a weak dollar spurred by the release of disappointing retail data.
Gold for June delivery is higher by 0.57% to $1,225 per ounce on the COMEX this morning. The dollar is lower by 0.19%, according to the Wall Street Journal dollar index.
The soft dollar raised speculation that the Fed won't increase interest rates as soon as previously expected, CNBC.com reports.
"The main catalyst was the retail sales slumping. It disappointed a wide audience. Because of that, a rush was back into gold as the dollar sold off hard. It looks like [we] won't see a rate increase in the immediate future", Phillip Streible, senior market strategist at RJO Futures, told CNBC.com.
Separately, TheStreet Ratings team rates HECLA MINING CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate HECLA MINING CO (HL) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its increase in net income, 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 relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow."