On Monday, Shares of Targa Resources Partners LP (NYSE:NGLS), gained 3.44% to $32.48.
Targa Resources Corp. and Targa Resources Partners, declared a preliminary financial outlook for 2016, based on commodity prices and activity levels outlined below.
TRC is providing the following preliminary outlook for 2016:
- Dividend growth of 15% over FY2015
- Dividend coverage of about 1x
Effective cash tax rate of 0% to 5%
Targa Resources Partners LP owns, operates, acquires, and develops midstream energy assets in the United States. The company’s Gathering and Processing division is involved in gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas; and gathering crude oil.
Shares of Alamos Gold, Inc. (NYSE:AGI), inclined 5.44% to $4.07, during its last trading session.
Alamos Gold Inc., stated results from the ongoing exploration program at the Cerro Pelon and La Yaqui satellite deposits at its Mulatos mine.
Highlights
- Cerro Pelon: Multiple high grade intercepts encountered in new zone of mineralization about 100 metres (“m”) north of the existing mineral reserve, counting:
- 47 g/t Au over 50.30m (15PEL012)
- 65 g/t Au over 34.60m (15PEL020)
- 46 g/t Au over 94.20m (15PEL010)
- Further potential exists over an additional 900m strike length
- La Yaqui: Step-out drilling has encountered a new zone of mineralization 500m northeast and along strike from the existing in-pit mineral reserve. Results comprise:
- 36 g/t Au over 117.40m (15YAQ058)
- 34 g/t Au over 64.00m (15YAQ061)
- Ore-grade intercepts have also been encountered another 750m along strike to the northwest (total 1.25 kilometres (“km”) from in-pit mineralization), results comprise:
- 68 g/t Au over 15.20m (15YAQ064), about 350m along strike from hole 15YAQ058 and 850m from in-pit mineralization
- 03 g/t Au over 32.00m (15YAQ068) about 750m from 15YAQ058 and 1.25km from in-pit mineralization
Alamos Gold, Inc. operates as an intermediate gold producer primarily in North America. The company primarily holds a 100% interest in the Young-Davidson gold mine, which comprises mineral leases and claims totaling 11,000 acres in Northern Ontario, Canada.
At the end of Monday’s trade, Shares of Tegna Inc (NYSE:TGNA), gained 3.55% to $23.91.
TEGNA Inc., declared the successful completion of the sale of its corporate headquarters for $270 million to Tamares, a private investment group with holdings in the United States and Europe.
As part of the accomplished deal, TEGNA will continue to occupy a portion of the building for the next 18 months.
TEGNA Inc. engages in media and digital businesses in the United States. The company operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites.
Finally, Gentex Corporation (NASDAQ:GNTX), ended its last trade with 1.32% gain, and closed at $15.74.
Gentex Corporation, Seeing what’s behind you is critical to safe driving, whether you’re in a passenger vehicle or one of the most technologically advanced racecars in the world. A new pioneering technology designed to improve rear vision recently took a step closer to reality after successfully debuting at the grueling 24 Hours of Le Mans on Nissan’s new GT-R LM NISMO race car. The system comprises of a tiny rearward-facing camera that feeds live video to a mirror-integrated display in order to optimize a vehicle’s rearward view.
Gentex Corporation, a leading supplier of vision-related technologies to the global automotive industry, developed the technology. The system was originally designed for application on passenger vehicles; however, the Company recently formed a partnership with the Nissan Motorsports Team, which allowed the system to be installed on Nissan’s new LM P1 race cars and thoroughly vetted under demanding race conditions.
“Our partnership with Nissan assists ensure that we have the most robust system possible,” said Craig Piersma, Gentex’s director of marketing. “It allows us to comprehensively test the entire system — full display mirror, custom camera and image processing software — before we start shipping the technology for passenger vehicles.”
Gentex Corporation designs, develops, manufactures, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide.
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