Premarket Movers | Gold & Silver Stocks Fall; AGQ down 19%; Hycroft Mining down 6%; Snap Soars 6%; Baidu Jumps 5%

Snap Inc beat Wall Street estimates for fourth-quarter revenue, as more advertisers turned to the social media platform during the holiday season, sending its shares up 6% in premarket trading on Thursday.

The Snapchat-parent said total active advertisers on the platform rose 28% in the fourth quarter, underscoring strength in direct response ads and growth in new ad formats such as Sponsored Snaps and Promoted Places.

Gold and silver stocks fell in premarket trading on Thursday.

AGQ down 19%; Hycroft Mining down 6%; First Majestic Silver, Pan American Silver down 5%; Coeur Mining down 4%.

Baidu stock jumped 5% in premarket trading on Thursday.

Baidu Inc. announced plans to issue its first dividend alongside a three-year stock buyback program of as much as $5 billion, moving to reward investors who’ve endured a multiyear retreat in the Chinese search leader’s market value.

The Chinese AI and search specialist authorized a buyback program that will cover the period through the end of 2028, it said in a filing on Thursday. Beijing-based Baidu also expects to declare the first payment of a dividend this year, which may include regular or special distributions. The company is due to report earnings this month.

Dingdong (Cayman) Limited shares jumped 3% in premarket trading on Thursday.

Dingdong (Cayman) Limited has entered a definitive agreement to sell its China business to Two Hearts Investments, a Meituan subsidiary, in a cash transaction with an initial headline consideration of US$717 million. The deal excludes Dingdong's international business and is subject to regulatory approvals including SAMR and shareholder consent.