Profile
Sector:
Basic MaterialsIndustry:
Steel & IronCountry:
United StatesIPO:
30 December 1987Website:
http://www.mesabi-trust.comNext earnings report:
13 December 2024Last dividends:
30 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:02:01 GMTAnalysts recommendations
Institutional Ownership
MSB Latest News
Recent developments, such as the mid-2023 resumption of mining operations by Cleveland-Cliffs on trust leases and the Federal Reserve's reluctance to raise interest rates, suggest potential upside for Mesabi. Increasing odds for a turnaround in China's economy, alongside an approaching arbitration judgment over underpaid royalties, are additional reasons to consider investing in MSB stock. A low-volatility basing pattern over the last 12 months could support a price breakout and material gains for investors buying around $17.
Mesabi Trust announces $0.37 quarterly dividend and Cleveland-Cliffs Inc. holds Q4 earnings call. Cleveland-Cliffs CEO threatens to use more scrap metal, but Mesabi Trust's production looks to be back to full capacity. Mesabi Trust offers a 7.2% forward yield with potential for higher dividends if iron ore prices increase.
Mesabi Trust distributions were scrapped because Cleveland-Cliffs temporarily idled its mine. Iron ore demand could benefit from China's construction sector stimulus. Normalized annualized distributions per unit from Mesabi Trust could be as high as $2.8.
Mesabi Trust: Patient Investor's Opportunity Amid Cleveland-Cliffs' Uncertainty.
What type of business is Mesabi Trust?
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.
What sector is Mesabi Trust in?
Mesabi Trust is in the Basic Materials sector
What industry is Mesabi Trust in?
Mesabi Trust is in the Steel & Iron industry
What country is Mesabi Trust from?
Mesabi Trust is headquartered in United States
When did Mesabi Trust go public?
Mesabi Trust initial public offering (IPO) was on 30 December 1987
What is Mesabi Trust website?
https://www.mesabi-trust.com
Is Mesabi Trust in the S&P 500?
No, Mesabi Trust is not included in the S&P 500 index
Is Mesabi Trust in the NASDAQ 100?
No, Mesabi Trust is not included in the NASDAQ 100 index
Is Mesabi Trust in the Dow Jones?
No, Mesabi Trust is not included in the Dow Jones index
When was Mesabi Trust the previous earnings report?
No data
When does Mesabi Trust earnings report?
The next expected earnings date for Mesabi Trust is 13 December 2024