Viacom, Inc. (VIAB) Forms $30.28 Double Top; SANTA FE GOLD CORPORATION (SFEG) Sellers Decreased By 38.56% Their Shorts

June 23, 2018 - By Danny Collins

Viacom, Inc. (NASDAQ:VIAB) Logo

Viacom, Inc. (VIAB) formed double top with $32.70 target or 8.00% above today’s $30.28 share price. Viacom, Inc. (VIAB) has $12.42B valuation. The stock decreased 0.39% or $0.12 during the last trading session, reaching $30.28. About 2.49 million shares traded. Viacom, Inc. (NASDAQ:VIAB) has declined 21.25% since June 23, 2017 and is downtrending. It has underperformed by 33.82% the S&P500. Some Historical VIAB News: 17/05/2018 – CBS and Viacom have not been able to come to terms with some aspects of the deal; 29/05/2018 – Viacom cable networks will stop airing reruns of ABC’s ‘Roseanne’ – spokesperson; 09/04/2018 – Viacom has asked CBS to sweeten its merger bid by about $2.8 billion, sources say; 09/04/2018 – New York Post: CBS and Viacom still look set for a merger; 14/05/2018 – NEW: CBS & Viacom had agreed on share ratio for merger deal before lawsuit; 30/05/2018 – Paramount Players and JAKKS Pacific Announce Plans for CREEPY CRAWLERS Feature Film; 14/05/2018 – CNBC: CBS, Viacom had agreed on price for deal before lawsuit; 14/05/2018 – NATIONAL AMUSEMENTS INC PROVIDES COMMENT ON CBS LAWSUIT; 17/05/2018 – Redstone wins voting tussle as CBS-Viacom fight heats up; 19/04/2018 – HEDGE accordingly : Recap | Viacom asks CBS to raise its bid by $2.8 billion

SANTA FE GOLD CORPORATION (OTCMKTS:SFEG) had a decrease of 38.56% in short interest. SFEG’s SI was 43,500 shares in June as released by FINRA. Its down 38.56% from 70,800 shares previously. With 245,800 avg volume, 0 days are for SANTA FE GOLD CORPORATION (OTCMKTS:SFEG)’s short sellers to cover SFEG’s short positions. The SI to SANTA FE GOLD CORPORATION’s float is 0.02%. It closed at $0.1 lastly. It is up 0.00% since June 23, 2017 and is . It has underperformed by 12.57% the S&P500.

Among 39 analysts covering Viacom Inc. (NASDAQ:VIAB), 13 have Buy rating, 0 Sell and 26 Hold. Therefore 33% are positive. Viacom Inc. has $87 highest and $24.0 lowest target. $40.47’s average target is 33.65% above currents $30.28 stock price. Viacom Inc. had 135 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, November 15. The company was upgraded on Friday, February 9 by RBC Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, June 17. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Underweight” rating given on Tuesday, February 23 by Atlantic Securities. As per Thursday, July 13, the company rating was maintained by BMO Capital Markets. The firm has “Neutral” rating given on Friday, July 22 by Atlantic Securities. UBS maintained Viacom, Inc. (NASDAQ:VIAB) on Monday, June 20 with “Buy” rating. Wunderlich maintained it with “Buy” rating and $65 target in Wednesday, September 21 report. The rating was maintained by Stifel Nicolaus on Friday, August 7 with “Buy”. The stock of Viacom, Inc. (NASDAQ:VIAB) has “Hold” rating given on Friday, July 7 by Cowen & Co.

Analysts await Viacom, Inc. (NASDAQ:VIAB) to report earnings on August, 2. They expect $1.08 earnings per share, down 7.69% or $0.09 from last year’s $1.17 per share. VIAB’s profit will be $442.95M for 7.01 P/E if the $1.08 EPS becomes a reality. After $0.92 actual earnings per share reported by Viacom, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Santa Fe Gold Corporation, a mining company, engages in the acquisition, exploration, development, and mining of mineral properties in the United States. The company has market cap of $27.19 million. It primarily explores for gold, silver, and other precious metals. It currently has negative earnings.

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