Ten stocks soared higher on Thursday, with four mining stocks notably joining the list, thanks to the surge in prices of gold and silver during the session.
The firms outpaced a sluggish performance on Wall Street, with the tech-heavy Nasdaq leading the drop by 0.83 percent, followed by the S&P 500 by 0.53 percent, and the Dow Jones with 0.25 percent.
In this article, we name the 10 companies leading strong gains and detail the reasons behind their performance.
To come up with the list, we focused exclusively on stocks with a $2 billion market capitalization and 5 million in trading volume.
10. AST SpaceMobile Inc. (NASDAQ:ASTS)
AST SpaceMobile extended its winning streak to a fourth straight day on Thursday, jumping 7.53 percent to close at $30.85 apiece as investors scrambled to ride on the growth opportunities from a potential tie-up with billionaire Jeff Bezos.
Earlier this week, speculations surfaced about a potential tie-up between AST SpaceMobile Inc. (NASDAQ:ASTS) and Blue Origin following an Instagram post by the former’s board member, Adriana Cisneros, showing herself alongside CEO Abel Avellan and Bezos, in a photo.
She also captioned: “Amazing things are happening at AST & Science + Blue Origin.”
Prior to the Instagram post, Blue Origin executives visited the AST SpaceMobile, Inc. (NASDAQ:ASTS) headquarters in Texas, with speculations that discussions may have gone beyond launch logistics to cover broader strategic and financial matters.
AST SpaceMobile, Inc. (NASDAQ:ASTS) already holds a major commercial agreement with Blue Origin for the launch of up to 45 BlueBird Block 2 satellites, with the option to add 15 more.
9. Pan American Silver Corp. (NYSE:PAAS)
Pan American Silver rallied for a fifth consecutive day on Thursday, jumping 7.56 percent to close at $28.60 apiece, in line with silver prices hitting a new all-time high.
Silver futures rose to as high as $36.27 per troy ounce at intra-day trading on Thursday, its highest since 2012, before closing lower to $35.81 per troy ounce. Silver prices grew alongside gold, as investors’ funds flocked to safer assets anew to mitigate the risks from the ongoing trade tensions between the US and China.
Pan American Silver Corp. (NYSE:PAAS) is a Canada-based silver and gold miner with operations throughout the Americas.
In the first quarter of the year, Pan American Silver Corp. (NYSE:PAAS) swung to a net income of $169.3 million from a $30.8 million net loss in the same period last year.
Revenues increased by 28 percent to $773.2 million from $601.4 million year-on-year.
8. Sibanye Stillwater Limited (NYSE:SBSW)
Sibanye Stillwater grew its share prices by 7.79 percent on Thursday to finish at $6.50 apiece as investors flocked to mining stocks following the rally in gold prices.
On Thursday, spot prices of gold held on to its level, growing 0.17 percent at $3,358.35 per troy ounce, as traders resorted to such asset to minimize risks from the ongoing trade tensions between the US and China.
In recent news, Sibanye Stillwater Limited (NYSE:SBSW) announced a more optimistic business outlook for the rest of the year.
According to Sibanye Stillwater Limited (NYSE:SBSW) CEO Neal Froneman, he expects the company to continue posting positive outcomes from its actions over the past two years.
In the first quarter of the year, Sibanye Stillwater Limited (NYSE:SBSW) registered an 89-percent jump in adjusted EBITDA of $222 million as a result of its diversification and restructuring program. Among its businesses, PGM operations was the strongest, contributing $137 million.
“The increase in Group adjusted EBITDA for Q1 2025 was not solely a function of our leveraged exposure to the increasing gold price, but reflects the combined outcome of operational restructuring we implemented from H2 2023, which has resulted in increased profitability from most of our operations,” he said.
“Along with reduced future annual capital requirements, we believe that this result signals a clear inflection point for the Group, and is set to position us to realize ongoing value for stakeholders,” he added.
7. Dollar Tree, Inc. (NASDAQ:DLTR)
Dollar Tree rebounded by 9.08 percent on Thursday to finish at $96.67 apiece as investors resorted to bargain-hunting following the previous day’s drop.
Dollar Tree, Inc. (NASDAQ:DLTR), which originally targets the low-income households, announced on Wednesday that it is seeing an increasing number of high-income class households checking out their products.
In the first quarter of the year, Dollar Tree, Inc. (NASDAQ:DLTR) grew its net income by 14.4 percent to $343.4 million from $300.1 million in the same period last year. Revenues also increased by 10 percent to $4.6 billion from $4.17 billion year-on-year.
Its strong performance reaffirmed the company’s optimism for the rest of the year.
According to Dollar Tree, Inc. (NASDAQ:DLTR), it is maintaining its net sales outlook of $18.5 billion to $19.1 billion, based on comparable store net sales growth in the range of 3 percent to 5 percent.
For the second quarter alone, comparable net sales growth are expected to hit the higher end of its previous 3-5 percent growth outlook.
6. Fortuna Mining Corp. (NYSE:FSM)
Fortuna Mining rallied for a fifth consecutive day on Thursday, to hit a new all-time high, as the surge in gold and silver prices sparked buying appetite for its stock.
At intra-day trading, Fortuna Mining Corp. (NYSE:FSM) rallied to a new all-time high of $7.55, or 12 percent, before a slight profit-taking pulled the company’s share price lower to end just 9.79 percent at $7.4 apiece
On Thursday, the spot prices of gold grew by 0.20 percent or $6.7 at $3,359.35 per troy ounce, while silver was up by 0.19 percent or 7 cents at $35.72 per ounce. Thursday’s intra-day trading also saw silver hit a new all-time high of $36.27 per troy ounce.
In the first quarter of the year, Fortuna Mining Corp.’s (NYSE:FSM) net income attributable to shareholders expanded by 123 percent to $58.5 million from $26.2 million in the same period last year.
Sales increased by 45 percent to $290 million from $200 million year-on-year.
5. Oscar Health, Inc. (NYSE:OSCR)
Oscar Health snapped a five-day losing streak on Thursday, jumping 10.6 percent to close at $15.65 apiece as investors resorted to bargain-hunting while waiting for more concrete developments on the Trump administration’s Medicare Advantage review.
Earlier this year, lawmakers passed a $5-trillion tax-and-spending package that shaves as much as $900 billion in Medicaid, which servers over 70 million low-income households.
Now, Senate Republicans to broaden savings by looking for supposed inefficiencies in the Medicare program for senior citizens.
In the first quarter of the year, Oscar Health, Inc. (NYSE:OSCR) registered a 55-percent increase in attributable net income of $275 million versus the $177 million registered in the same period last year.
Revenues rose by 42 percent to $3.046 billion from $2.142 billion year-on-year.
4. MongoDB, Inc. (NASDAQ:MDB)
MongoDB saw its share prices increase by 12.84 percent on Thursday to close at $225.38 apiece as investor sentiment was boosted by its impressive earnings performance and optimistic business outlook for the rest of the year.
In its financial statement, MongoDB, Inc. (NASDAQ:MDB) said it narrowed its net loss by 53 percent to $37.6 million in the first quarter of the year from the $80.59 million registered in the same period last year.
Revenues increased by 22 percent to $549 million from $450 million registered year-on-year.
Amid the strong performance, MongoDB, Inc. (NASDAQ:MDB) is looking at a higher range of revenue outlook for the second quarter, between $548 million and $553 million, while revenues for the full-year period were pegged at a range of $2.25 billion to $2.29 billion.
“MongoDB is off to a strong start in fiscal 2026 with 26 percent Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years,” said MongoDB, Inc. (NASDAQ:MDB) President and CEO Dev Ittycheria.
“Looking ahead, we see an incredible opportunity for customers to take advantage of MongoDB’s modern architecture, which delivers real and measurable advantages for the types of applications being built today—cloud-native, distributed, real-time—and the AI-powered applications of tomorrow. We are confident in our position to drive profitable growth as we benefit from this next wave of application development,” he added.
3. First Majestic Silver Corp. (NYSE:AG)
First Majestic Silver extended its winning streak to a fifth straight day on Thursday, jumping 15.52 percent to close at $8.41 apiece as snapped up shares in the company following the surge in silver prices.
Silver futures rose to as high as $36.27 per troy ounce at intra-day trading on Thursday, its highest since 2012, before closing lower to $35.81 per troy ounce. Silver prices grew alongside gold, as investors’ funds flocked to safer assets anew to mitigate the risks from the ongoing trade tensions between the US and China.
In recent news, First Majestic Silver Corp. (NYSE:AG) discovered a new gold-silver deposit called Sto. Nino, one kilometer away from the Santa Elena mining property in Sonora, Mexico.
Additionally, it was able to raise the production of its Navidad deposit at the same site following the success of its drilling operations.
First Majestic Silver Corp. (NYSE:AG) said that the addition of Navidad and Sto. Nino raised the number of its hosted production sites to four, the others being Sta. Elena and Ermitano.
“The Santo Niño discovery marks yet another exciting milestone for the district, and the drilling shows the vein remains open for expansion in most directions. At the same time, step-out drilling at the Navidad Discovery continues to intercept exceptionally high-grade mineralization and expand the resource envelope,” said First Majestic Silver Corp. (NYSE:AG) President and CEO Keith Neumeyer.
2. EchoStar Corporation (NASDAQ:SATS)
EchoStar rallied for a second day on Thursday, growing 17.47 percent to close at 19.03 apiece, as investors resorted to bargain-hunting while for developments on its ongoing battle with the Federal Communications Commission (FCC).
In recent news, FCC announced that it intentionally did not settle worth $326 million of interest payments for one of its senior notes, saying that its ongoing battle with the Federal Communications Commission (FCC) froze its ability to make decisions.
The move sparked concerns among investors about the company’s potential filing of bankruptcy protection.
In a regulatory filing, EchoStar Corporation (NASDAQ:SATS) said that it received a letter from the FCC on May 9 indicating that the latter was beginning a review of its compliance with certain federal obligations to provide 5G service in the US and raising concerns regarding its buildout extension and mobile-satellite service utilization in the 2GHz band.
“In light of this uncertainty, we have elected not to make an approximately $326 million cash interest payment due on May 30, 2025,” it said, adding that the move was to allow time for the FCC to provide the relief it requested.
1. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group grew its share prices by 17.54 percent on Thursday to close at $46.30 apiece after raising as much as $1 billion through the issuance of convertible notes.
In a statement, Nebius Group N.V. (NASDAQ:NBIS) said that the funds will be raised in two tranches, the first of which amounts to $500,000 covering 2 percent convertible notes due 2029, while the remaining $500,000 will cover 3 percent convertible notes due 2031.
“The fresh capital we are raising now gives us more firepower to go faster, paving the way for increased revenue opportunities in 2026 and further accelerating us toward our medium-term target of mid-single-digit billions of dollars in revenue as a high-margin business, with potential upside,” said Nebius Group N.V. (NASDAQ:NBIS) founder and CEO Arkady Volozh.
“Building foundational AI infrastructure is a capital-intensive business. In addition to access to the capital markets, we are fortunate to have non-core assets and equity stakes with significant growth profiles that can be used to support the future funding requirements of our core business,” he added.
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