Silver for September delivery is up 1.3% to $20.26 per ounce while gold for December delivery is up 0.6% to $1,342.50 per ounce on the COMEX.
The commodity metals are getting a boost this afternoon from the Federal Reserve's recent policy statement revealing that the central bank is reluctant to raise interest rates too quickly.
Metals like silver and gold tend to do poorly when interest rates are hiked as investors turn toward more high-yield investments. Following the policy update, however, the metals are rallying.
The Fed also indicated that it would consider the option of raising rates later in the year.
Silver and gold are also still riding the global market uncertainty following June's Brexit vote, MarketWatch reports.
Hecla Mining is a Coeur D Alene, ID-based silver, gold, lead and zinc producer.
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, TheStreet Ratings also finds 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