For December delivery, gold was lower by 1.03% to $1,330.30 per ounce on the COMEX this afternoon.
The commodity retreated today as the U.S. dollar advanced. A stronger dollar tends to pressure gold prices as the metal becomes more expensive and less attractive to foreign buyers.
Last night's U.S. presidential debate is also weighing on gold prices today.
Markets view Democratic presidential nominee Hillary Clinton as the "status-quo" candidate while Republican nominee Donald Trump is seen as the uncertain choice, Reuters notes.
Polls following the debate showed Clinton gaining slightly over Trump, which dented the safe-haven appeal of gold and other commodities, Reuters reports.
Hecla Mining is a Coeur d' Alene, ID-based gold, silver, zinc and lead miner.
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 find that the company's return on equity has been disappointing.
You can view the full analysis from the report here: HL